Property Summary: 53 Shearwater Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home on Shearwater Bay presents a solid, balanced offering. Its key appeal lies in its established neighborhood setting and its position as a competitively priced entry into the Waverley Heights area. With 1,150 sqft of living space and a 4,139 sqft lot, the property is very typical for its immediate street, offering a manageable size for maintenance and upgrades.

The home’s standout characteristic is its value proposition within the broader neighborhood. While the house itself is average in size for the street, its assessed value is notably below the Waverley Heights area average, suggesting potential for equity growth as improvements are made. Built in 1978, the home is actually newer than most in the neighborhood, which can be an advantage for systems and structure. The lot, while smaller than many in the wider area, is on par with its direct neighbors, fostering a consistent streetscape. This property would suit first-time buyers or downsizers looking for a foothold in a desirable area without the premium price tag of a larger lot or a fully renovated home. It’s a practical choice for someone who sees value in location and is prepared to personalize the space over time.

Section 2: Frequently Asked Questions

1. Is this house a good value compared to others in Waverley Heights?
Based on the provided assessment data, the home’s value ranks below the neighborhood average. This could indicate it’s a more affordable entry point into the area, but viewers should consider whether this reflects the home’s condition, layout, or update level compared to higher-valued peers.

2. How does the lot size impact the property?
At just over 4,100 sqft, the lot is typical for Shearwater Bay street but below the wider neighborhood average. This means smaller yard maintenance, which is a plus for some, but may offer less privacy or space for expansions like a large deck or addition compared to other area homes.

3. The home was built in 1978. What should I consider?
A 1978 build is newer than many homes in Winnipeg and in the Waverley Heights area specifically. This is a positive, but it still places the home in an era where original components like windows, roofing, plumbing, or electrical systems may be nearing or past their typical lifespan and could require inspection or updating.

4. The living area is described as "around average." What does that mean for daily life?
At 1,150 sqft, the space is functional for a small family or couple. It’s essential to view the layout—how the square footage is distributed—as this has a greater impact on livability than the total number alone. It’s ample for essentials but may feel cozy for those needing multiple dedicated work or hobby spaces.

5. Why is the home’s ranking so different between the street, neighborhood, and city levels?
This highlights the importance of context. The home is very typical for its own street in terms of size, lot, and value. When compared to the entire, diverse Waverley Heights neighborhood—which includes many larger, newer, or more valuable homes—it falls below average in value and lot size. This layered analysis helps identify if a property is an outlier on its block or a representative part of a community.