Property Overview
This home at 10 Lake Port Place presents a compelling opportunity in Winnipeg’s Waverley Heights neighborhood. Its primary appeal lies in offering above-average space and value at every level—street, neighborhood, and citywide—with one standout feature.
Key Characteristics & Appeal
The home’s 1,664 sqft living area is consistently larger than comparable averages, ranking in the top 20% on its street and top 11% in the neighborhood. With an assessed value of $480k, it also ranks highly for value, suggesting a well-regarded property relative to its peers. Built in 1978, it aligns with the typical age of homes in this specific area.
The most distinctive advantage is the lot size. At over 12,000 sqft, the property is not just above average but ranks in the elite top 3% citywide and top 2% within Waverley Heights. This offers rare potential for privacy, expansion, or landscaping in an established area.
This property would suit buyers looking for a home that outperforms norms without an extreme price tag. It’s ideal for those who value interior space but prioritize generous outdoor space even more. It also appeals to the practical buyer who appreciates a home that consistently ranks well in assessed value, indicating a solid investment within its community context.
Frequently Asked Questions
1. What does the "Above Average" ranking actually mean?
It means this home scores better than most comparable properties on that specific metric. For example, being in the top 11% for living area in the neighborhood means 89% of similar homes locally are smaller.
2. Is the 1978 build date a concern?
The build date is typical for the street and neighborhood. The key takeaway is that the home’s condition, updates, and systems are likely more important than the year itself, which is consistent with the area's character.
3. How significant is the lot size advantage?
Very. An elite top 3% citywide ranking for lot size is a less common, tangible asset. It provides a level of outdoor space that is increasingly rare, offering more flexibility than a standard city lot.
4. Does a higher assessed value mean higher property taxes?
Not directly. Taxes are based on the municipal mill rate applied to your assessed value. While a higher assessment is a factor, this home’s value is proportionate to its superior space and lot size relative to the area.
5. Who determines these rankings and averages?
The analysis compares this property’s public data (like lot size, living area, assessed value) against verified data for all similar homes on its street, in its neighborhood, and across Winnipeg, providing a relative performance snapshot.