Property Overview & Appeal
This bi-level home at 11 Lakeside Drive in Waverley Heights is a practical and well-situated property. Its key characteristic is a renovated basement, adding valuable finished space to the 1,140 sqft living area. The lot is a notable strength, as its 6,210 sqft size places it in the top 11% for the street, offering more outdoor space than most nearby homes. Built in 1978, the house is older than many on its street but maintains a solid assessed value that ranks well within the wider neighbourhood and city.
The appeal lies in this balance of a generous, established lot in a mature neighbourhood, combined with the move-in ready benefit of a renovated lower level. It would suit first-time buyers or downsizers looking for a manageable bi-level layout without a major project, and who prioritize private outdoor space over a brand-new build. A thoughtful perspective is that while the home itself is of average size and age for the area, the above-average lot size provides a rarity: room to grow, garden, or simply enjoy more privacy, which is often harder to find in established communities.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home was last sold in July 2017 for $37,200. Its current assessed value is $42,500, which is in line with or slightly above other similar-sized homes in Waverley Heights, as shown in the comparable listings.
2. Is the lot size a significant advantage?
Yes. At 6,210 sqft, the land area is larger than approximately 90% of other lots on Lakeside Drive. This is a distinct feature for the location, offering more yard space than is typical.
3. What should I consider about the home’s age?
Built in 1978, the home is older than about 80% of other houses on its street. While the basement has been renovated, a prospective buyer should factor in the potential future maintenance or updates common to homes of this era, such as roofing, windows, or major systems.
4. How does the living space compare to the neighbourhood?
At 1,140 sqft, the living area is fairly standard, sitting near the middle of the range for both Waverley Heights and Winnipeg overall. The renovated basement effectively increases the usable space beyond this figure.
5. What is the context of the provided "rankings"?
These rankings compare this specific property against all others on its street, in its neighbourhood, and across Winnipeg for metrics like lot size, year built, and assessed value. They are useful for understanding how this home’s features stack up in a broader context, showing where it stands out (like lot size) and where it is more typical (like living area).