Property Summary: 48 High Lake Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of modern convenience and established neighbourhood value. Built in 2001, it is notably newer than most homes in the Waverley Heights area and on its own street, suggesting updated infrastructure and less immediate need for major renovations. With 1,591 sqft of living space, it offers comfortable roominess that sits above the city and neighbourhood averages, though it is slightly more intimate than some direct neighbours on High Lake Bay.
The primary appeal lies in its strong value positioning within a desirable community. The assessed value ranks in the elite top 4% for the neighbourhood, indicating a premium property in a premium area. This isn't just a nice house; it's a high-ranking home within one of Winnipeg's established sectors. The lot size is generous and above the city average, providing good outdoor space while maintaining a manageable scale.
This property would ideally suit buyers looking for a move-in ready home in a mature neighbourhood without inheriting the common issues of an older build. It’s perfect for professionals or families seeking a solid, above-average home that stands out for its relative newness and assessed value within its community, rather than being the largest property on the block.
Section 2: Frequently Asked Questions
Q: How does this home’s value compare to others nearby?
A: Its assessed value is significantly above the neighbourhood average, placing it in the top 4% of Waverley Heights. On its own street, it ranks 5th highest out of 17 homes, confirming it as a premium offering in a well-regarded area.
Q: Is the living space considered large for the area?
A: Yes. The living area is above both the city and neighbourhood averages. While it’s slightly below the specific average for High Lake Bay street, it ranks in the top 14% for size within the wider Waverley Heights community.
Q: What are the implications of the 2001 build year?
A: Built in 2001, this home is newer than approximately 99% of comparable homes in Waverley Heights and 94% on its street. This typically suggests more contemporary construction standards, wiring, plumbing, and windows, potentially leading to lower near-term maintenance costs.
Q: Is the lot size a standout feature?
A: The lot is above the city average and provides ample yard space. Its size is generally in line with the neighbourhood and street averages, making it a solid, typical lot for the area rather than an exceptionally large one.
Q: What does the data say about the investment potential of this street?
A: High Lake Bay appears to be a street of above-average, consistent value. With an average assessed value significantly higher than the neighbourhood and city, the data suggests a stable and desirable location where this property holds a strong, but not the highest, position.