Property Overview
This home at 79 Lake Albrin Bay presents a compelling blend of established value and comfortable living. Its key appeal lies not in being the largest or newest on the block, but in its strong financial positioning and mature setting. With a living area of 1,144 sqft, the home is functionally sized, comparing closely to averages in its Waverley Heights neighborhood and across Winnipeg. Built in 1978, it is typical for its street but is actually newer than many comparable homes city-wide.
The standout characteristic is its assessed value of $449k, which places it well above average at every level—street, neighborhood, and city. This suggests the property is perceived to have premium attributes, a desirable location on the street, or superior upkeep relative to its peers. The lot size of 5,998 sqft is slightly below the street average but aligns with the neighborhood, offering manageable outdoor space.
This property would suit a buyer looking for a home in a stable, established area who values a strong assessment profile, possibly indicating good future value retention. It’s ideal for those who prefer a home that doesn’t require the premium for the newest construction or the largest square footage, but who appreciate a property that stands out in terms of municipal valuation.
Frequently Asked Questions
1. If the living area is around average, why is the assessed value so much higher?
A higher assessed value often reflects factors beyond pure square footage, such as the home's specific location on the street, quality of renovations and updates, overall condition, and unique features like a premium lot orientation or landscaping. It indicates the municipality views this property as having greater market value than many of its peers.
2. What does the "around average" ranking for year built really mean?
For this street and neighborhood, 1978 is a very common build year. This can be an advantage, as construction methods and materials from that era are well-understood, and many homes of that vintage have undergone similar aging and updating cycles. You're buying into a known commodity.
3. Is the lot size a disadvantage?
At just under 6,000 sqft, the lot is slightly smaller than others on Lake Albrin Bay but is very close to the neighborhood average. It provides ample private outdoor space while potentially requiring less maintenance than larger lots on the street—a plus for many buyers.
4. Who determines these rankings and averages?
The rankings are generated by analyzing publicly available municipal assessment data for all "comparable homes" (similar in type and likely value range) in the defined geographic area. The "Avg" figure represents a rough median benchmark for that group.
5. What’s the main takeaway from this data?
The data paints a picture of a solid, established home in a mature neighborhood. Its most distinctive feature is its strong assessed value, suggesting it is a premium offering among similar homes. It appeals to those seeking a balance of comfortable size, established community, and a property with a robust valuation profile.