Property Summary: 73 Swan Lake Bay
Section 1: Key Characteristics & Appeal
This 960 sqft bungalow, built in 1978 on a 5,059 sqft lot, presents a practical and value-conscious opportunity in the established Waverley Heights neighborhood. Its primary appeal lies in its efficient scale and its position as a relatively modern home within its context. While the living space is notably compact compared to many peers on its own street, the home’s assessed value of $385K aligns closely with city-wide averages, suggesting a fair entry point.
This property would suit first-time buyers, downsizers, or investors seeking a manageable footprint without a premium price. It’s a home for those who prioritize location and a simpler layout over spaciousness. A thoughtful perspective is that its smaller size and lot translate to lower maintenance costs and effort, which can be a significant long-term benefit. Additionally, being newer than most homes in the wider city and neighborhood indicates potentially fewer major aging-component concerns than older stock, offering a practical advantage.
Section 2: Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: At 960 sqft, the living area is below the average for Swan Lake Bay street (1,158 sqft) and the broader Waverley Heights area (1,239 sqft). It offers a more compact, efficient layout.
Q: Is the asking price in line with the market?
A: The assessed value of $385K is very close to the Winnipeg city-wide average for comparable homes ($390.1K) and slightly below the neighborhood average. This positions it as a competitively priced option within the city.
Q: What does the year built tell us about the property?
A: Built in 1978, this home is newer than the average Winnipeg home (1966) and is notably above average for its neighborhood, ranking in the top 18% in Waverley Heights for its newer construction year.
Q: Is the lot size typical for the area?
A: The 5,059 sqft lot is smaller than the average on Swan Lake Bay but is around the average for the wider neighborhood and city. It provides adequate outdoor space while minimizing yard maintenance.
Q: Who would this property be most suitable for?
A: It’s an ideal fit for buyers seeking an affordable, low-maintenance entry into a stable neighborhood. Its efficient size is well-suited to individuals, couples, or small families who value location and simplicity over expansive square footage.