Property Summary: 33 Shearwater Bay, Waverley Heights

Section 1: Key Characteristics & Appeal

This home presents a compelling balance of space, value, and location. Its 1,323 sqft living area is notably above average for its immediate street and neighborhood, offering more interior room than many comparable homes nearby. Built in 1978, it is a well-established property in a mature area. The lot size of 4,586 sqft is generous for the street, providing good outdoor space relative to direct neighbors.

The primary appeal lies in its strong positioning within the hyper-local market. You are acquiring a home that stands out favorably on its own street in terms of both living space and lot size, while carrying an assessed value that is very much in line with that immediate area. This creates a value proposition: you get more physical space for a price that is typical for Shearwater Bay. The data suggests a home that is a comfortable, established presence in a stable setting, not a standout luxury item but a solid, above-average offering in its core community.

This property would suit practical buyers looking for a spacious family home in a mature neighborhood without a premium price tag. It’s ideal for those who prioritize interior and yard space over a brand-new build and appreciate a home that holds its own on a street of similar properties. It may also appeal to value-conscious buyers who see the advantage of a larger home on a street where average values are lower than the wider neighborhood, offering potential for personal enjoyment and prudent investment.

Section 2: Frequently Asked Questions

1. Is this home a good value compared to others in Waverley Heights?
The data indicates it is. The home’s assessed value is below the neighborhood average, yet its living area is above that same average. This suggests you may be getting more square footage for your dollar here than in many other parts of Waverley Heights.

2. How does the lot size compare?
The lot is above average for Shearwater Bay street, offering good private outdoor space relative to direct neighbors. It is, however, smaller than the broader neighborhood average. This highlights the property’s strength on its own street while indicating that much larger lots can be found elsewhere in Waverley Heights.

3. What does the year built (1978) mean for maintenance?
As a home from the late 1970s, major components like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any upcoming capital expenses, which is typical for well-maintained homes of this era.

4. The assessed value is “around average” city-wide. What does that signify?
It positions this home as a middle-of-the-market property for Winnipeg. It’s not a budget starter home nor a high-end luxury property. This can be a stable foundation for value, often appealing to a broad range of buyers.

5. Why is the living area ranking so much stronger than the assessed value ranking on this street?
This is a key detail. It suggests that on Shearwater Bay, this home offers more interior space than most, but isn’t priced significantly higher for it. This disconnect between size and value on the street level is a central part of this property’s value proposition.