Property Summary: 93 Lake Grove Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling profile defined by its modernity within an established setting. Its key characteristic is being one of the newest homes on its street, built in 1981, which ranks it in the top 2% of Lake Grove Bay. This suggests updated building systems and potentially less immediate need for major renovations compared to older neighbours.
The appeal lies in its efficient footprint. With 1,000 sqft of living space, it is notably more compact than the street average. This isn't a drawback for everyone; it translates to lower utility costs, less space to maintain, and a focused, manageable layout ideal for simplifying daily life. The assessed value is proportionate, sitting comfortably around the neighbourhood and city averages, indicating a fair market positioning.
This property would suit first-time buyers, downsizers, or pragmatic investors seeking a well-located home without excessive square footage. It’s for those who prioritize a newer build year and efficient living over sheer size, and who appreciate being on a street where their home is among the most modern. The lot size is smaller than the street norm, which will appeal to buyers wanting a lower-maintenance yard.
Section 2: Frequently Asked Questions
Q1: The living area is ranked below average on the street. How small does it feel?
A: At 1,000 sqft, the home is about 28% smaller than the street average. This indicates a more efficient or compact design. It likely feels cozy and manageable rather than sprawling, suiting those who value ease of maintenance and lower heating costs.
Q2: What does the "Elite" ranking for year built actually mean for me?
A: Being the newest or among the newest homes on the block (top 2%) often means major components like roofing, windows, and heating systems may be relatively younger. This can provide peace of mind and defer significant capital expenses.
Q3: The lot is smaller than most on the street. Is there still usable outdoor space?
A: With a 4,998 sqft lot, you still have a substantial yard, though it's about 30% smaller than the street average. This is often seen as an advantage for reduced landscaping time and cost, while still providing private outdoor space.
Q4: How does the assessed value compare to similar homes in Waverley Heights?
A: The assessed value of $400k is almost identical to the Waverley Heights neighbourhood average ($398.1k), ranking it right in the middle. This suggests the assessment aligns with the area's norm for homes of this type.
Q5: Are there any red flags from these rankings?
A: There are no extreme outliers. The consistent theme is a smaller, newer, and more efficiently scaled home on a desirable street. The key consideration is whether the smaller living and land area meets your space needs, as that is the clear trade-off for the newer build year and manageable upkeep.