41 Swan Lake Bay

Property Overview: 41 Swan Lake Bay, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-situated home on Swan Lake Bay presents a practical opportunity in Winnipeg’s Waverley Heights neighborhood. Its key characteristic is its efficient, manageable scale. With 960 sqft of living space, the home is notably cozier than many on its street and in the wider area, suggesting a layout that prioritizes simplicity and lower maintenance over sheer size. This is balanced by a reasonably proportioned lot of just under 5,500 sqft.

The appeal lies in its solid positioning within a desirable neighborhood. While the home itself is modest in scale, its assessed value is competitive, sitting close to city and neighborhood averages. A thoughtful perspective is that its slightly newer build year (1979) compared to many city-wide homes could mean fewer immediate concerns with major aging components, offering a stable foundation. This property would ideally suit first-time buyers, downsizers, or investors seeking an entry point into a strong area without the footprint or price tag of a larger home. It’s for those who value location and lot potential over expansive finished living space.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 960 sqft, the home is below average for the street and neighborhood. It suits efficient living or those planning to expand, but buyers seeking ample, ready-made space should view the layout carefully.

2. How does the value compare?
The assessed value of $384k is below the street average but aligns closely with neighborhood and city averages. This suggests you’re paying primarily for the location and lot, with the home itself priced accordingly for its size.

3. What does the lot size offer?
The 5,499 sqft lot is slightly below the street average but typical for the area. It provides good outdoor space for a garden, patio, or future additions, which is a key asset given the home’s smaller interior.

4. Is the 1979 build date a concern?
Not inherently. It’s around average for the street and actually newer than many Winnipeg homes. The focus should be on the specific condition and updates of major systems (roof, windows, HVAC) common to that era.

5. Who typically lives on this street?
The data shows a street of primarily larger, higher-valued homes. This means you’d be in an established area, though your property would be one of the more modest on the block.