Property Overview

This 1,156 sqft bungalow at 94 Blue Lake Bay, built in 1978, presents a compelling opportunity in Winnipeg's Waverley Heights neighborhood. Its appeal is rooted in its strong positioning within its immediate, established streetscape, offering a practical and potentially undervalued entry point into the area.

Key Characteristics & Appeal

The home's primary strength is its relative size and modernity compared to its direct neighbors on Blue Lake Bay. With above-average living area and a newer build year for the street, it stands out in its micro-location. The lot, while smaller than the broader neighborhood average, is actually more generous than most on the same block, offering manageable outdoor space.

Its appeal lies in this dichotomy: it feels like a solid, above-average home on its own street, yet its assessed value sits below the averages for both the street and the wider neighborhood. This suggests a potential value proposition for a buyer who sees opportunity in a well-located property that may not be priced at a premium relative to its immediate peers. It would suit a first-time buyer, downsizer, or value-conscious investor looking for a foothold in the area without the larger lot maintenance of some neighboring properties. The data indicates a home that is competitively sized and aged for its specific community, positioned on a street of similar homes, which can offer a sense of consistency and stability.

Frequently Asked Questions

1. Is the smaller lot size a significant drawback?
While the land area is below the neighborhood average, it's actually larger than most lots on Blue Lake Bay itself. This means less yard maintenance than many area homes, but also less private space than some properties a few blocks away.

2. Why is the assessed value below the street and neighborhood averages?
This can be due to many factors, including specific interior condition, updates needed, or the precise valuation model used. It highlights the importance of a viewing to assess whether the interior matches the solid external metrics.

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 windows, roofing, or major systems. This presents both a consideration for immediate updates and an opportunity to modernize to your own taste.

4. How does the living area compare to a typical home?
At 1,156 sqft, it provides more space than most similar homes on its street and is very close to the neighborhood average. It offers a practical footprint for a smaller household or couple.

5. What does the "street level" ranking tell me?
It shows this property is a strong performer within its own direct community of Blue Lake Bay. This often translates to a cohesive streetscape and predictable property styles, which can be preferable for some buyers over a more eclectic block.