Property Overview: 15 Lakepointe Road
Key Characteristics & Appeal
This 832 sqft bungalow, built in 1978, sits on a 6,125 sqft lot in Waverley Heights. Its primary appeal lies in its efficient scale and solid positional value within a desirable neighborhood. While the living area is notably compact compared to most homes on its street and in Winnipeg overall, this is balanced by an assessed value that aligns with local averages. The home is one of the newest on its block, a less obvious advantage that can suggest updated core systems or a longer maintenance runway.
This property would suit specific buyers perfectly: downsizers seeking minimal upkeep without leaving a prime area, first-time buyers prioritizing location and lot size over interior square footage, or investors looking for a stable, income-producing asset in a high-demand neighborhood. It represents an opportunity to enter a well-regarded community at a potentially accessible price point, with the value anchored in the land and location rather than expansive living space.
Frequently Asked Questions
Q: The home seems small. Is it a viable long-term family home?
A: Its size is efficient, best suited for individuals, couples, or small families. Its long-term viability depends heavily on your space needs and layout preferences. The generous lot does offer potential for future expansion, subject to approvals.
Q: The assessed value is around average, but the house is smaller. What does that indicate?
A: This typically reflects the high value of the location and lot. The assessment suggests the market places significant value on being in Waverley Heights and on this specific street, even for a more compact home.
Q: Being the newest home on the street is mentioned. What are the practical benefits?
A: While not a guarantee, a newer build year (1978 vs. older neighborhood averages) can often mean newer electrical, plumbing, and foundational standards for its era, potentially reducing near-term major system upgrades.
Q: How does the lot size compare, and what are the implications?
A: The lot is slightly smaller than the street average but larger than the neighborhood average. It provides ample outdoor space for gardening, recreation, or storage, and is a positive contributing factor to the property's overall value.
Q: Are these rankings based on recent sales or municipal data?
A: The rankings are based on comparative municipal assessment data (for value, size, year built) across defined areas. They provide a snapshot of how this property compares to its peers, but do not replace current market analysis for pricing.