Property Overview: 95 Lake Albrin Bay, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-situated home on Lake Albrin Bay presents a practical opportunity in the Waverley Heights neighborhood. Built in 1977, it offers 1,134 sqft of living space on a 5,499 sqft lot. The core appeal lies in its position as a value-conscious entry point into a desirable street. While the home itself is more modest in size and assessed value compared to its immediate neighbors, this translates to a lower property tax base and an accessible price point for the area.

Its strongest suit is location. The property sits on a street where homes are typically larger and more valuable, meaning you benefit from the surrounding standards and ambiance without the premium price tag. For buyers, this balance is key. It would perfectly suit a first-time buyer or downsizer seeking established neighborhood character, lower maintenance, and the potential to add value over time. It’s a pragmatic choice for someone who prioritizes getting into the right area over finding the largest home on the block, viewing the property as a solid foundation in a community they want to join.

Section 2: Frequently Asked Questions

1. Is this home significantly smaller than others in the area?
It is somewhat smaller than the average home on its own street, but it is very much in line with the typical size seen across the wider Waverley Heights neighborhood and the city of Winnipeg. It offers functional space without excess.

2. Why is the assessed value lower than the street average?
The assessed value reflects the home’s more modest size and likely its current condition relative to others on Lake Albrin Bay. This isn’t uncommon and often indicates a property with strong "value-add" potential or simply a more affordable option in a premium location.

3. What does the lot size mean for outdoor space?
At just under 5,500 sqft, the lot is manageable. It’s smaller than most on its street but average for the broader neighborhood. It provides ample yard space for gardening or recreation without being burdensome to maintain.

4. Is a 1977-built home a concern?
Not inherently. The build year is typical for the area. The key will be the upkeep and updates made over the years. It’s from an era of solid construction, but a thorough inspection is always recommended to understand the condition of major systems like roof, windows, and plumbing.

5. How should I interpret the various ranking statistics?
Think of them as context layers. The street-level rankings show you how it fits on its specific block—often as a more affordable option. The neighborhood and city-wide rankings confirm it’s a standard, average property in the broader market, which can be reassuring for long-term value stability.