Property Overview
This home at 19 Lake Albrin Bay presents a compelling blend of established value and above-average positioning within its community. Built in 1979, it is newer than most comparable homes on its street and in the Waverley Heights neighborhood. With 1,144 sqft of living space, the interior size is consistent with local averages, but the property stands out for its assessed value, which ranks in the top quarter of the area. This suggests a well-maintained or favorably updated home relative to its peers. The lot size of 5,999 sqft is typical for the city but slightly smaller than the average on Lake Albrin Bay itself.
Its appeal lies in offering a move-in-ready, established home in a mature neighborhood, with the data indicating it already holds a premium in value assessment compared to surrounding properties. It would suit a buyer looking for a sound investment in a stable area—someone who prioritizes a home that has kept pace with or exceeded neighborhood standards over needing the largest square footage or lot on the block. A thoughtful perspective is that this property may offer the "sweet spot" of a newer build on an established street, potentially meaning fewer major age-related repairs in the near term compared to older neighbors, while still providing the character and maturity of the Waverley Heights area.
Frequently Asked Questions
Q: How does this home’s value compare to others nearby?
A: Its assessed value of $447k is above the average for Lake Albrin Bay ($426k) and the wider Waverley Heights neighborhood ($398.1k), placing it in the top 23% on its street. This indicates it is a higher-valued property in the area.
Q: Is the living space considered large for the neighborhood?
A: At 1,144 sqft, the living area is very close to the neighborhood average (1,239 sqft) and slightly below the street average (1,280 sqft). It provides typical space for the area, not an exceptionally large or small footprint.
Q: What does the "Year Built" ranking mean?
A: Built in 1979, this home is newer than 90% of comparable homes on Lake Albrin Bay (ranked #3 out of 30). In the broader neighborhood, it's newer than 88% of homes. This is a notably newer construction for this specific community.
Q: Is the lot size a standout feature?
A: The 5,999 sqft lot is around the city and neighborhood average. However, it is smaller than the typical lot on Lake Albrin Bay itself, where the average is 7,457 sqft. Outdoor space is consistent with Winnipeg norms but not a leading feature on this particular street.
Q: How should I interpret these rankings and averages?
A: They provide context against "comparable homes" in each scope (street, neighborhood, city). The data shows this property is strongest in its newer build date and higher assessed value, while its living and land area are comfortably within the typical range. This points to a quality-over-quantity scenario.