Property Overview: 8 Gundy Lake Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home on Gundy Lake Bay in Waverley Heights presents a compelling blend of space, modernity, and established value. Its 1,514 sqft living area is notably above average for both the wider neighborhood and the city, offering generous room for families or those who appreciate ample space. Built in 2002, it is a newer construction compared to most homes in the area, ranking in the top 1% for its year built within Waverley Heights. This suggests modern building standards, potentially fewer immediate maintenance concerns, and contemporary layouts.

The appeal lies in its strong positional value. While it is a typical home for its own street, it stands out significantly within the broader, highly desirable Waverley Heights neighborhood, where its assessed value ranks in the top 6%. This indicates it is a premium property in a premium area, offering a large 7,169 sqft lot that provides room for outdoor enjoyment and privacy. It would ideally suit buyers looking for a move-in ready, modern home in a mature, sought-after community without sacrificing interior space or lot size. It’s a solid choice for professionals or growing families seeking a long-term home with proven value retention in a competitive market.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others nearby?
While its size and value are average on its specific street, it excels in the broader Waverley Heights context. It's a newer, larger, and higher-valued property than most in the neighborhood, offering the benefits of an established area with the advantages of a more modern build.

2. What does the "Elite" ranking for year built mean?
This means the home is newer than 99% of comparable properties in Waverley Heights. For a buyer, this typically translates to modern electrical, plumbing, insulation standards, and likely a layout that suits contemporary living preferences.

3. Is the assessed value a reliable indicator of market value?
The assessed value is a strong benchmark for municipal tax purposes and indicates the home is officially valued well above area and city averages. However, market value is determined by current buyer demand and recent sales. The high assessment suggests a strong foundation for its market price.

4. Who might this property not suit?
It may not suit buyers seeking a historic character home, as its 2002 construction is modern. Those looking for a standout "top-of-the-street" property in terms of size or value might also note it ranks in the middle of its immediate block, though it shines in the wider area.

5. What is the practical benefit of the lot size?
At over 7,000 sqft, the lot is significantly larger than the Winnipeg average. This provides ample backyard space for gardening, recreation, or additions like a deck or shed, and generally offers more privacy and distance from neighbors than newer, denser subdivisions.