Property Summary: 49 Swan Lake Bay
Section 1: Key Characteristics & Appeal
This 970 sqft bungalow, built in 1979 on a 5,499 sqft lot, presents a compelling opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its solid value positioning. The home's assessed value of $422k is consistently "around average" at every level—street, neighborhood, and city-wide—suggesting a fair, market-aligned price without the premium often attached to newer or larger homes. This creates a stable investment profile, less susceptible to market corrections.
While the living area is modest compared to broader averages, it is quite typical for Swan Lake Bay itself, ranking in the top 70% on its own street. This indicates the home fits the established character of the area rather than feeling undersized. The year built is a notable strength within Waverley Heights, ranking in the top 12% of the neighborhood, meaning it is newer than most surrounding homes—a practical advantage for systems, style, and potential renovation timelines.
This property would best suit pragmatic first-time buyers or downsizers seeking an honest, well-located home without overpaying for square footage they may not need. It’s for those who value a manageable lot and home size, preferring lower maintenance and utility costs, and who appreciate a purchase grounded in established neighborhood values rather than speculative trends.
Section 2: Frequently Asked Questions
Q: Is the living space too small?
A: At 970 sqft, it is below the city and neighborhood averages. However, it ranks well (top 70%) on its own street, indicating the homes on Swan Lake Bay are generally of a similar, efficient scale. It's a comfortable size for individuals, couples, or small families.
Q: How does the assessed value relate to the asking price?
A: The assessed value ($422k) is a strong benchmark. It sits stably at around the average for the street, area, and city, suggesting the municipal assessment aligns with general market values for comparable properties, providing a solid foundation for pricing.
Q: What does the "year built" ranking mean for this home?
A: Built in 1979, this home is newer than 88% of comparable properties in the Waverley Heights neighborhood (top 12%). This is a relative advantage, potentially meaning updates may be more recent and major components like roofing or windows could be from a later era than many neighbors'.
Q: Is the lot size a disadvantage?
A: The lot is slightly smaller than the street average but is very close to the neighborhood average. It offers a balanced outdoor space that is manageable for upkeep while still providing room for gardening, recreation, or additions like a deck.
Q: What is the main takeaway from all these rankings?
A: The data paints a picture of consistency and alignment. This isn't an outlier property; it's a home that sits firmly within the established norms of its immediate street and wider area. This typically translates to predictable long-term value and a comfortable fit within the community.