10 Lakeshore Road

Property Summary: 10 Lakeshore Road, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1976-built home on Lakeshore Road presents a distinct value proposition within the desirable Waverley Heights neighborhood. Its key characteristic is its position as a more modest and affordable entry point on a street of larger, higher-value homes. With 1,176 sqft of living space and an assessed value of $365k, it sits below the street averages for both size and price. This creates its primary appeal: access to a prime location and streetscape without the typical premium. The lot size of 5,828 sqft is consistent with the area and offers good outdoor potential.

The property would suit practical buyers seeking value and opportunity. It’s ideal for first-time homeowners or downsizers who prioritize location over sheer square footage and are comfortable with a home that may require updates. It also appeals to value-conscious investors or buyers with a vision for renovation, as the lower price point allows room for a personalized upgrade while remaining in a competitive area. A less obvious perspective is that its smaller scale can mean lower utility costs and less maintenance, offering a simpler lifestyle in an established community.

Section 2: Frequently Asked Questions

1. Is this the smallest home on the street?
Effectively, yes. The data ranks it 34th out of 39 for living area on Lakeshore Road, meaning it is among the most compact homes on this particular street.

2. Why is the assessed value ranked at the bottom of the street?
The assessed value ranking reflects that this home is valued lower than its neighbors on Lakeshore Road, which have an average assessed value of $453.2k. This is typically due to a combination of its smaller size and potentially differing condition or features.

3. How does it compare to the wider neighborhood?
Within the broader Waverley Heights area, the home is much more aligned with averages. Its living area and assessed value are both around the neighborhood median, suggesting it’s a typical offering for the community, just a standout value on its own street.

4. The home was built in 1976. Is that older than most in the area?
Interestingly, no. While it’s newer than most on its street (ranked 3rd newest out of 39), it is slightly older than the average home in Waverley Heights (1978) and slightly newer than the Winnipeg citywide average (1966).

5. What does the land area allow for?
At just under 6,000 sqft, the lot is standard for the neighborhood. It provides ample backyard space for gardening, recreation, or additions, and is consistent with the typical suburban lot size in this part of Winnipeg.