15 Lake Island Crescent

Property Overview

This well-situated home at 15 Lake Island Crescent in Waverley Heights presents a compelling opportunity. Built in 1978, it offers a generous 1,451 sqft of living space on a sizable 6,509 sqft lot, with an assessed value of $452k. The data reveals a property that consistently performs above average within its immediate street and neighborhood context, suggesting a home that is both a comfortable living space and a sound local investment.

Key Characteristics & Appeal

The primary appeal of this property lies in its strong standing within the established Waverley Heights community. It isn't just an average home for the area; it ranks in the top 22% on its own street for both living space and value, indicating it's one of the more substantial and well-regarded homes on a desirable crescent. The lot size is notably larger than most in the neighborhood, offering valuable outdoor space and potential.

Its 1978 build date is a standout feature, ranking as the newest on its street. This suggests updates over time and potentially fewer immediate concerns compared to older area homes, while still benefiting from the mature character of the community. The home suits buyers looking for a move-in ready property in a prime pocket of Waverley Heights—particularly those who value space, a established streetscape, and a property that already holds a leading position in its micro-market. It’s an ideal fit for growing families or professionals seeking a peaceful, well-regarded address without sacrificing interior and yard space.

Frequently Asked Questions

Q: How does this home truly compare to others nearby?
A: The data shows it outperforms most direct neighbors. It has more living space than 78% of homes on Lake Island Crescent and is valued higher than 78% of them. In the broader Waverley Heights area, it also ranks above average in size and value, meaning you're getting a home that stands out positively in its own community.

Q: What does the 1978 build year mean for maintenance?
A: Being the newest home on the street is a significant advantage, likely indicating newer major systems (like roofing, windows, or HVAC) compared to neighbors. However, as a home nearly 50 years old, a thorough inspection is still essential to understand the condition and timeline for any future updates.

Q: Is the assessed value a good indicator of market price?
A: The assessed value of $452k, which is above area averages, is a strong benchmark of the municipality's valuation for tax purposes. It generally reflects the property's relative worth but the final sale price will be determined by current market conditions, the home's specific state, and buyer demand.

Q: How does the lot size compare?
A: The 6,509 sqft lot is larger than average for both the street and the city overall. This provides more private outdoor space than many properties in Winnipeg, which is a valuable and less replaceable asset than interior square footage.

Q: Are there any red flags in the rankings?
A: There are no obvious red flags. It's noteworthy that while the home ranks very well street- and neighborhood-wide, its citywide ranking for living space is "around average." This perspective is useful: you're purchasing a top-tier home for this specific, sought-after area, rather than a maximally large home by broader city standards.