Property Overview & Key Characteristics
This home at 78 Lake Grove Bay in Waverley Heights presents a balanced and practical offering. Its primary appeal lies in its above-average living space and a newer build year relative to its immediate surroundings, all set on a generous lot. At 1,589 sqft, the living area is notably larger than most homes in the wider neighborhood and city, providing ample room for a growing family or those who value spaciousness. A key, less obvious strength is its 1981 build date, which ranks as the newest on its street. This suggests potentially fewer immediate concerns with aging components compared to neighboring houses, offering a relative sense of modernity in an established area.
The property suits buyers looking for a solid, move-in-ready home in a mature Winnipeg neighborhood without paying a premium for a fully renovated or custom property. It’s an ideal match for those who prioritize interior space and a more recent construction date over having a top-tier assessed value on the block. The lot size, consistently above average at all comparison levels, is a significant asset for outdoor enjoyment, gardening, or future expansion.
Frequently Asked Questions
Q: How does this home’s value compare to others on the street?
A: Its assessed value is around the average for Lake Grove Bay. This indicates it is fairly priced within its immediate market, neither the most nor least expensive on the block.
Q: What does the "newer build year" ranking actually mean for me?
A: Built in 1981, this home is the newest on its street. In practical terms, this often translates to building systems (like wiring, plumbing, and insulation) that may be more contemporary and efficient than those in older neighboring homes, potentially reducing near-term upgrade costs.
Q: Is the living space efficiently laid out?
A: The data confirms the home has above-average square footage for the area. While the floor plan isn't detailed here, the total living area of 1,589 sqft is substantial, ranking in the top 15% within Waverley Heights, suggesting a layout that likely offers good room sizes and functionality.
Q: The lot is large, but how does it compare?
A: The 6,998 sqft lot is consistently above average—it’s larger than 83% of comparable lots citywide and 79% within the neighborhood. This provides more private outdoor space than most homes in Winnipeg.
Q: Are there any red flags in the rankings?
A: There are no extreme negative outliers. The assessed value rankings are average, which is typical for a well-maintained home in an established area. It’s not an undervalued project, but a squarely positioned, stable property in its market.