196 Lake Village Road

Property Summary: 196 Lake Village Road, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-situated home on Lake Village Road presents a compelling blend of above-average space and value within its immediate streetscape. At 1,080 sqft, the living area is notably larger than most comparable homes on the street, ranking in the top 17%. The assessed value also ranks highly on the street (top 11%), suggesting a perception of solid value relative to neighbors. Built in 1977, it is typical for the area. The lot size of 4,198 sqft is generous for the street but more modest compared to the broader Waverley Heights neighborhood, indicating a streetscape of comfortable, efficiently sized properties.

The primary appeal lies in its strong positioning within a desirable micro-location. Buyers get more interior space than the street average while the property’s value stands above the street’s typical assessment. This dynamic can represent an efficient use of space without a premium lot size. It would suit practical buyers looking for a established home in a mature area, who prioritize interior space and street-level value over a very large yard. A thoughtful perspective is that this property offers the benefits of the Waverley Heights area while potentially carrying lower property taxes than neighborhood averages, due to its below-average assessed value at that broader level.

Section 2: Frequently Asked Questions

1. How does the living area compare to nearby homes?
At 1,080 sqft, the home is larger than most on Lake Village Road (top 17%), about average for the wider Waverley Heights neighborhood, and slightly below the Winnipeg city average for comparable properties.

2. Is the assessed value high for the area?
The assessment is above average for Lake Village Road itself, which is positive for street-level equity. However, it is below the average assessment for the broader Waverley Heights neighborhood, which may be a consideration for long-term value comparisons.

3. What is the lot size like?
The 4,198 sqft lot is larger than the average lot on Lake Village Road. It is, however, smaller than the typical lot in the wider Waverley Heights area and across Winnipeg, suggesting a more low-maintenance yard.

4. How does the year built affect this home?
Built in 1977, it is perfectly typical for its street and neighborhood. This means infrastructure and major components are of a similar age to surrounding homes, which can simplify planning for updates or maintenance.

5. What do these rankings mean for me?
They provide context. The data shows this home is a standout on its street in terms of living space and assessed value, offering a strong position in its most immediate market. The broader neighborhood comparisons highlight that it is a more moderately sized property within Waverley Heights, which can translate to a manageable scale and efficient use of space.