68 High Lake Bay

Property Summary: 68 High Lake Bay, Winnipeg

Section 1: Overview & Appeal

This 1,389 sqft home, built in 1995, presents a compelling value proposition within the desirable Waverley Heights neighborhood. Its primary appeal lies in its strong positioning relative to the broader area. While it is a more modest offering on its own street of larger, higher-value homes, it stands well above neighborhood and city averages for both size and assessed value. This creates a unique dynamic: you are acquiring a home in an established, premium setting, but at an entry point relative to its immediate peers.

The property suits practical buyers looking for a solid, move-in ready home in a mature area without paying the premium for the largest lot or square footage on the block. It’s an intelligent choice for those who value neighborhood quality and above-average interior space over having the biggest yard. The 1995 build date is a significant advantage, being notably newer than most homes in Waverley Heights and Winnipeg overall, suggesting modern building standards and potentially lower near-term maintenance costs than older stock. This isn’t the largest or most expensive home on the street, but it represents a strategic foothold in a top-tier locale.

Section 2: Frequently Asked Questions

Q: The home ranks below street averages for size, value, and lot size. Is this a concern?
A: Not necessarily. This indicates the street consists of larger, higher-end properties. Owning the "smaller" home on a premium street often provides better long-term value stability and appeal than owning the largest home on a lesser street. You benefit from the same location and community.

Q: What does the "Elite" ranking for its year built in the neighborhood mean?
A: With a 1995 construction, this home is newer than approximately 98% of comparable properties in Waverley Heights. This is a major functional benefit, typically implying more contemporary layouts, electrical systems, insulation, and windows, which can lead to greater comfort and energy efficiency.

Q: Is the land size sufficient?
A: At just under 5,500 sqft, the lot is consistent with the city average and only slightly below the neighborhood average. It provides ample outdoor space for gardening, recreation, and privacy, while requiring a manageable amount of upkeep.

Q: The assessed value is above neighborhood and city averages. Will my property taxes be high?
A: The assessed value of $450k is above the respective averages, which is a key factor in tax calculation. Prospective buyers should use this figure to estimate their likely annual property tax burden for budgeting purposes.

Q: How should I interpret the living area being above neighborhood average but below street average?
A: This highlights the home’s balanced offering. You get more interior space than most in the wider Waverley Heights area (1,389 sqft vs. 1,239 sqft avg.), making it a spacious choice for the community. The street itself is simply composed of even larger homes, reinforcing its high-caliber setting.