Property Summary: 9 Sandy Lake Place, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This 809 sqft bungalow, built in 1978, presents a compelling case for value-focused buyers. Its primary appeal lies in its strong position relative to its immediate surroundings. While the living area is modest compared to broader neighborhood and city averages, the property stands out on its own street. It boasts an assessed value above the street average and, notably, is the newest home among its 20 direct neighbors. This suggests a well-maintained or potentially updated home in a lane of older properties.
The lot size is manageable at just over 3,500 sqft, offering lower maintenance than larger plots common in the area. This home would suit first-time buyers, downsizers, or practical investors seeking an entry into the established Waverley Heights neighborhood without the premium for square footage. It’s for those who prioritize efficient living space, newer construction within its micro-market, and a lower property tax base derived from its below-average assessment for the wider neighborhood. A thoughtful perspective is that this property represents a "right-sized" option in a market of larger homes, offering the location benefits with reduced upkeep and cost.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 809 sqft, it is below the neighborhood average. However, it is efficiently sized for individuals, couples, or small families. Its rank on its own street (15 out of 20) indicates several comparable-sized homes nearby.
2. Why is the assessed value higher than the street average?
Ranking 6th highest out of 20 on the street suggests factors like its newer build year (the newest on the street), condition, updates, or specific lot advantages contribute to a higher municipal assessment than its neighbors.
3. What does the "newest on the street" build year mean for me?
Built in 1978, it is relatively newer than its direct peers. This can imply potentially fewer major age-related repairs (like roofing or foundation) in the near term compared to older homes on the block, though a full inspection is always recommended.
4. How does the lot size impact the property?
The 3,506 sqft lot is smaller than typical for the wider area, which means less yard maintenance. It is, however, close to the average for Sandy Lake Place itself, ensuring it fits the street's character.
5. Is this a good value within Waverley Heights?
The data suggests it's an opportunity to live in the neighborhood at a lower assessed value point than the area average. You're acquiring the location while the property itself is priced more accessibly due to its smaller size and lot.