Property Summary: 172 Lake Village Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Lake Village Road presents a compelling blend of above-average positioning on its immediate street and practical, manageable space. At 920 sqft, the living area is typical for the street but offers a more efficient and cozy footprint compared to larger neighborhood and city averages. The lot size of 4,198 sqft is notably above the street average, providing generous private outdoor space relative to nearby homes.
The primary appeal lies in its strong standing within its own streetscape. It boasts an assessed value and year of build that rank in the top tiers for Lake Village Road, suggesting a home that is both well-maintained and a sound investment within this specific locale. This creates an interesting dynamic: while the property is a standout on its block, it sits at a more accessible price point compared to the broader, higher-value Waverley Heights neighborhood. This positions it as a potential "entry point" into a desirable area without the premium typically associated with it.
This property would suit first-time buyers or downsizers seeking a established, low-maintenance home in a mature neighborhood. It’s ideal for those who prioritize a larger yard and value a home that compares favorably to its direct neighbors over having maximum square footage. It’s a practical choice for buyers who see the advantage in a neighborhood where this home is competitively assessed, offering stability and potential for equity growth relative to its immediate surroundings.
Section 2: Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: The living area is very close to the average for Lake Village Road itself. It is, however, more compact than the typical home in both the wider Waverley Heights neighborhood and Winnipeg overall, which often feature larger floor plans.
Q: The assessed value seems high for the street but low for the area. What does that mean?
A: This indicates the property is valued highly compared to its direct neighbors on Lake Village Road (ranking in the top 18%), likely due to factors like condition, updates, or lot appeal. The lower value compared to the Waverley Heights average suggests it offers a more affordable pathway into this neighborhood.
Q: Is the lot a good size?
A: Yes, particularly for the street. The lot is over 4,100 sqft, which is larger than the average lot on Lake Village Road. It provides ample backyard space, though lots in the wider neighborhood and city are generally larger.
Q: What does the "Year Built" ranking tell me?
A: Built in 1977, this home is newer than many on its street (top 12%), meaning its major systems and structure may be comparatively more recent. It is typical for the Waverley Heights area and aligns with the city's average for comparable homes.
Q: Are these rankings based on exact matches or general comparisons?
A: The rankings compare this home to "comparable homes" within each scope (street, neighborhood, city). The "Avg" provided is a rough median benchmark, not an average of all properties. It's a useful tool for understanding relative positioning rather than a precise measurement against every house.