62 Lake Albrin Bay

Property Summary: 62 Lake Albrin Bay, Waverley Heights

Section 1: Key Characteristics & Appeal

This home presents a compelling package of above-average space and land in a well-established Winnipeg neighborhood. Its primary appeal lies in its generous proportions: at 1,696 sqft, the living area is notably larger than most comparable homes on its street, in Waverley Heights, and across the city. This is complemented by a substantial lot of nearly 8,800 sqft, placing it in the top 10% of the neighborhood for land area, which offers excellent potential for gardening, recreation, or expansion.

The property’s assessed value is consistently above average at every level, suggesting a recognized premium for its location and attributes. Built in 1978, it is typical for its immediate area but is actually newer than many homes across Winnipeg. This isn’t a brand-new build, but a solid, mature property in a settled community.

This home would best suit buyers looking for established character and more room—both inside and out—without moving to the city's outer edges. It’s ideal for a growing family seeking functional interior space and a large yard, or for anyone who values a sense of privacy and footprint that is becoming rarer in many subdivisions. The data indicates you’re purchasing a property that already outperforms its peers on key metrics, offering a tangible step up within a desirable setting.

Section 2: Frequently Asked Questions

Q: How does this home truly compare to others nearby?
A: The data shows it stands out. It ranks #2 out of 30 on its own street for living area and is in the top 10% of the wider Waverley Heights neighborhood for lot size. Its value and size are consistently above local and city averages.

Q: Does an above-average assessed value mean my property taxes will be significantly higher?
A: Generally, yes. A higher assessed value relative to area averages typically leads to a higher property tax bill. It’s a reflection of the premium market position this specific lot and home command.

Q: The home was built in 1978. Should I be concerned about major updates?
A: While the structure is sound and typical for the street, a home of this age likely has had some components updated. The key due diligence would be to investigate the age and condition of major systems like the roof, windows, furnace, and electrical panel to understand upcoming maintenance.

Q: What are the advantages of such a large lot?
A: Beyond privacy and space, a lot of this size (top 10% in the area) offers flexibility. It provides room for additions like a deck, garage, or workshop, and is a long-term asset as smaller lots become the norm in new developments.

Q: The citywide average living area is listed as 1,342 sqft, but this home is 1,696 sqft. Why is the city rank only in the top 21%?
A: This highlights the difference between a simple average and a ranking among comparable homes. The ranking compares this property against similar types of homes city-wide. Its size is excellent, but there are many larger estates or newer builds that shift the comparison pool, making its top 21% citywide rank still a strong showing.