Property Summary: 63 Shearwater Bay, Winnipeg
Section 1: Overview & Appeal
This well-situated home in Waverley Heights presents a practical opportunity in a desirable neighborhood. Its key characteristic is balance: at 1,035 sqft with an assessed value of $325k, it offers a manageable size and price point that sits comfortably around average compared to both its immediate street and the wider city. This balance is its primary appeal, providing entry into a mature area without a premium price tag.
The home is notably newer than most in Waverley Heights (built in 1978, ranking in the top 18% for the neighborhood), suggesting potentially fewer major age-related concerns than older area homes. However, the lot size is compact at 3,449 sqft, which means lower maintenance but less private outdoor space. This combination suits first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance property in a stable area. It’s a home for those who value location and a sensible footprint over expansive square footage or large yards.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The assessed value is below the street average, which can indicate a relative value opportunity. However, this often correlates with the home’s smaller-than-average lot and living area for the immediate area.
2. What does the "newer" build year mean for me?
Being newer than 82% of homes in Waverley Heights is a positive. It typically suggests construction methods and systems (like wiring or plumbing) that may be more modern, potentially reducing immediate upgrade costs.
3. How will the smaller lot size affect me?
The lot is compact, even for the street. This translates to less yard work and lower exterior maintenance costs, but also less space for gardening, private outdoor entertaining, or future expansions like a large deck or addition.
4. Are property taxes likely to be high here?
The below-average assessed value for both the street and neighborhood is a key indicator. Your property taxes will be calculated based on this assessment, so they should be proportionally lower than homes on the same street with higher valuations.
5. How does this home fit in the wider Winnipeg market?
City-wide, this property is very average in size, age, and value. This is a stabilizing factor; it’s not an outlier, which can make financing and future resale more straightforward, as it appeals to the broad middle of the market.