Property Summary: 26 Swan Lake Bay
Key Characteristics & Appeal
This well-situated home on Swan Lake Bay presents a compelling blend of space, location, and value. Its primary appeal lies in offering above-average attributes within its immediate surroundings. The 1,331 sqft living area is notably larger than most homes on its street and in the Waverley Heights neighborhood. The standout feature is the generous 8,993 sqft lot, which places it in the top 10% of the neighborhood for land area, offering significant outdoor space and privacy that is increasingly rare.
With an assessed value of $448k, the property holds a strong position, ranking in the top 20% on its street and outperforming average values at every geographic level. Built in 1978, it is a solidly maintained home from an era known for durable construction, and it is newer than most comparable homes city-wide.
This property would ideally suit buyers looking for a established home in a desirable area who prioritize generous lot size over a brand-new build. It’s an excellent match for growing families seeking room to play and entertain outdoors, or for anyone valuing a sense of space and a home that represents a sound, above-average investment within its community.
Frequently Asked Questions
Q: How does this home’s size compare to others nearby?
A: The living space is comfortably above average for both the street and the wider Waverley Heights neighborhood. You’re getting more interior space than roughly 70-80% of comparable local homes.
Q: Is the assessed value a reliable indicator of the property’s market position?
A: The assessed value consistently ranks in the top third at the street, neighborhood, and city level. This suggests the property is recognized as a higher-value asset in its area, which is a positive indicator, though market conditions will always determine the final sale price.
Q: What does the lot size mean in practical terms?
A: At nearly 9,000 sqft, the lot is a significant asset. It places the property in the top 9% of the neighborhood for land area, offering ample potential for gardening, expansion, recreation, or simply enjoying more privacy and distance from neighbors.
Q: The home was built in 1978. Should I be concerned about major updates?
A: While the year is around average for the street, it is newer than the typical Winnipeg comparable home. Buyers should expect a standard inspection for a home of this age, focusing on roof, windows, and major systems, which may be original or have undergone various updates over the decades.
Q: The rankings show "city-wide" averages are sometimes higher. Why?
A: The city-wide comparison includes a vast mix of homes. While this property’s living area is near the city average, its true strength is its relative standing in a sought-after neighborhood like Waverley Heights. Its value and lot size significantly outperform the city average, highlighting its desirability within a specific, premium context.