Property Summary: 82 Lake Grove Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Waverley Heights home presents a compelling blend of space, land, and modern foundation relative to its surroundings. At 1,090 sqft, the living area is functional and aligns with city and neighborhood averages, though it is notably more compact than others on its own street. The true standout features are its generous 6,998 sqft lot, which is above average at every geographic level, and its 1981 build year, making it one of the newest homes on Lake Grove Bay. The assessed value sits comfortably within the mid-range for the area, suggesting a realistic entry point into the neighborhood.

The appeal lies in securing a property with a newer build on a sizable lot in an established area—a combination that can be rare. It suits practical buyers who prioritize land size and a more contemporary construction date over sheer interior square footage. It’s an ideal match for those looking to put down roots and potentially expand or enhance the outdoor space, or for buyers who appreciate a home that may require less immediate attention to aging structural components compared to older peers on the street.

Section 2: Frequently Asked Questions

1. Is the living area too small for the neighborhood?
Not for the wider area. While the home is smaller than the average on Lake Grove Bay itself, it is very much in line with the typical Waverley Heights and Winnipeg home. It offers efficient, manageable space.

2. What does the "Elite" ranking for year built mean practically?
Built in 1981, this home is among the newest on its street. This often translates to newer major systems (like plumbing, electrical, or insulation) compared to neighboring houses, potentially reducing near-term renovation costs and offering more modern building standards.

3. How does the lot size benefit me?
The lot is significantly larger than most in the city and neighborhood. This provides ample private outdoor space, room for gardening, play, or additions like a shed or deck, and often contributes to a greater sense of privacy.

4. Why is the assessed value below the street average?
The assessed value reflects a combination of factors, primarily the home's smaller living area compared to others on the street. This can represent a value opportunity, allowing purchase into a desirable street at a point below its average price.

5. What type of buyer might this not suit?
Buyers seeking a move-in-ready home with extensive interior square footage or who prioritize being in the upper tier of home size on their immediate block may find other properties more aligned. It's best for those who see potential in the land and newer structure.