Property Summary: 10 Lakedale Place
Section 1: Key Characteristics & Appeal
This well-maintained 1977 home in Waverley Heights offers a practical and comfortable footprint of 1,076 sqft on a 5,286 sqft lot. Its core appeal lies in being a solid, value-conscious entry into a desirable neighborhood. While the living space and lot size are modest compared to some larger homes on its own street, the property holds its own when viewed against the broader neighborhood and city averages. A key standout is its assessed value, which is notably below the street average, presenting a potential value opportunity for a buyer.
The home would suit first-time buyers or downsizers seeking established community charm without a premium price tag. It’s for those who prioritize location and a manageable property size over sheer square footage, and who see the below-average assessment not as a drawback, but as a chance to gain equity through updates over time. A thoughtful perspective is that a home of this vintage on a slightly smaller lot often translates to lower maintenance costs and less yard work, aligning with a simpler, more efficient lifestyle.
Section 2: Frequently Asked Questions
Q: How does the home’s size compare to the area?
A: The living area is slightly below the average for Lakedale Place itself but is very close to the average for the wider Waverley Heights neighborhood. It provides a comfortable, efficient layout typical of many homes in Winnipeg.
Q: The assessed value seems low for the street. What does that indicate?
A: At 34th out of 35 on the street, the assessment is significantly below the street average. This can sometimes reflect the home’s more modest size or original condition compared to renovated neighbors. For a buyer, it can represent a lower property tax base and a clear opportunity to add value.
Q: Is the lot size a limitation?
A: The lot is smaller than others on the street but is near the neighborhood average. It provides ample private outdoor space for gardening or recreation without the burden of extensive upkeep, which can be a positive for many.
Q: What does the 1977 build year mean for this home?
A: Built in 1977, this home is actually newer than many on its street and in the city overall. This era often features modern wiring and plumbing foundations, potentially making renovations or updates more straightforward than in much older homes.
Q: How should I interpret these rankings?
A: The rankings show this property is a "middle-of-the-pack" home for the wider area but stands out on its specific street for its value. It suggests you are buying into a great street and neighborhood, often with larger, higher-value homes, but at a more accessible entry point.