Property Overview
This home at 27 Lake Albrin Bay presents a balanced offering in Winnipeg's Waverley Heights neighborhood. Its key appeal lies in its well-proportioned living space and established location, offering a practical footprint without excessive upkeep.
Key Characteristics & Target Buyer
The 1,303 sqft residence, built in 1979, provides a living area that is very close to the average for its immediate street and slightly above average for the broader Waverley Heights community. This suggests a comfortable size for a small family or couple. A notable characteristic is the property's tax assessment value, which is notably lower than the street average. This could indicate a relative value opportunity within this specific pocket, potentially translating to slightly lower property taxes compared to neighbors. The land size is smaller than others on Lake Albrin Bay but aligns more closely with community and city norms, appealing to those who prefer a manageable yard.
The home suits buyers seeking an established, no-surprises property in a mature neighborhood. It's ideal for someone who values a practical layout over expansive square footage and prefers a lower-maintenance lot. The data suggests it's a solid, middle-of-the-road home in the citywide context, but holds specific advantages—like its newer build year relative to the street and community—for buyers focused on the local micro-market.
Frequently Asked Questions
1. What does the tax assessment ranking really mean?
The assessment is lower than the average for Lake Albrin Bay street. This generally suggests the city has assigned it a lower value for tax purposes compared to its immediate neighbors, which can be a positive for ongoing costs, though it may not directly correlate with market sale price.
2. Is the smaller land size a disadvantage?
While the lot is below the street average, it is close to the neighborhood average. This means less yard maintenance, which can be a benefit for many. It may simply reflect the varied lot sizes on this particular street.
3. The home was built in 1979. What should I consider?
A 1979 build is newer than many in the area. Buyers should still prioritize a thorough inspection focusing on era-specific components like original wiring, plumbing, and insulation, which may be due for updates or evaluation.
4. How should I interpret the "above average" build year ranking?
This means the house is newer than most on its street and in Waverley Heights. In an established neighborhood, a newer build can sometimes mean more modern construction standards or layouts, but the core systems should still be professionally assessed.
5. The living area is described as "close to average." Is that sufficient?
At 1,303 sqft, it provides a space that has proven functional for the area. It's above the neighborhood average, indicating it offers a bit more room than many nearby homes, making it a competitive size for the location without being oversized.