Property Summary: 65 Shearwater Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,008 sqft bungalow, built in 1978, presents a practical and affordable entry point into the established Waverley Heights neighborhood. Its primary appeal lies in value and location. With an assessed value notably below both street and neighborhood averages, it offers a cost-effective way to secure a home in a desirable area without the premium price tag of larger properties on the street.
The home’s characteristics suggest it would suit first-time buyers, downsizers, or investors seeking a lower-maintenance property. The compact living area and smaller lot (2,760 sqft) translate to less space to heat, clean, and maintain, which can be a significant long-term benefit. A thoughtful perspective is that while the home ranks below average in size on its own street, it is actually newer than most homes in the broader Waverley Heights area, potentially indicating fewer age-related concerns than neighborhood peers. The buyer here is likely prioritizing financial efficiency and location over sheer space, viewing the smaller footprint as a feature rather than a drawback.
Section 2: Frequently Asked Questions
1. Is the smaller living area a major concern?
While below average for the street, the 1,008 sqft layout is functional for individuals, couples, or small families. The trade-off for the smaller interior is a more manageable property and a lower price point in a sought-after location.
2. Why is the assessed value lower than the street average?
The assessed value reflects the property's relatively smaller size in both living area and land area compared to its immediate neighbors. This creates a value opportunity, as you benefit from the same location while paying a proportionally lower price.
3. What does the "newer than neighborhood average" ranking mean?
Built in 1978, this home is newer than most in Waverley Heights. This can be an advantage, suggesting potentially updated infrastructure (like wiring or plumbing) compared to older homes in the area, even if it's average for its specific street.
4. Is the small lot size a limitation?
The lot is compact, which limits expansive gardening or large additions. However, it minimizes yard work and may be ideal for those seeking low-maintenance outdoor space. It's important to verify local zoning for any future plans like sheds or decks.
5. How does this property fit into the broader market?
City-wide, its living area and assessed value are much closer to the average. This highlights that Shearwater Bay is a street of relatively larger, higher-value homes. This property offers a way to access that street and the excellent Waverley Heights neighborhood at a city-average price point.