Property Overview

This home at 2 Swan Lake Bay presents a compelling mix of established community living and above-average space. Built in 1978, its 1,120 sqft interior is practical and well-proportioned, ranking comfortably above the average for its immediate street. The true standout feature is the generous 8,996 sqft lot, which places it in the top 11% on its street and top 8% within the wider Waverley Heights community. This offers significant outdoor potential that is increasingly rare. The property’s municipal tax assessment is notably higher than area averages, which often reflects desirable attributes like lot size, location, and condition, but is also a factor in ongoing costs.

Its appeal lies in offering more land than most comparable homes, providing room for gardens, recreation, or future expansion. It suits buyers who value a established, quiet neighbourhood like Swan Lake Bay and prioritize private outdoor space over a brand-new build. It would be ideal for a young family seeking room to grow, or for anyone wanting a manageable-sized home on a lot with plenty of breathing room and established greenery.

Frequently Asked Questions

1. What does a higher-than-average tax assessment mean for me?
While it indicates the city values the property highly—often due to its large lot and location—it directly correlates with your annual property tax bill. It’s a positive sign for resale value but a factor in your monthly carrying costs.

2. Is the living space too small compared to the lot size?
Not necessarily. The 1,120 sqft home is above average for its specific street. This configuration can be efficient, keeping heating and maintenance costs manageable while the large lot provides the valuable outdoor living and entertainment space many buyers seek.

3. The home was built in 1978. What should I be aware of?
Homes of this era may have original components nearing the end of their service life, such as the roof, windows, or major systems like furnace and water heater. A thorough inspection is crucial. On the positive side, it’s newer than the average Winnipeg home and likely benefits from mature landscaping.

4. How significant is the lot size ranking?
Ranking in the top 8-11% for land size across multiple areas is a major advantage. It offers privacy, space for additions like a garage or deck, and is a finite asset that consistently adds value. In established neighbourhoods, large lots are often the first feature to appreciate.

5. The rankings show different performance at street, community, and city levels. What’s most important?
The most relevant comparison is usually your immediate street and community. This home excels where it matters most: its lot size is outstanding at every level, and its living space is strongest right on its own street. This suggests it’s a top-tier property within its most direct competitive market.