Property Overview
This home at 2 Lake Island Crescent in Waverley Heights presents a well-balanced offering in a mature Winnipeg neighbourhood. Its key appeal lies in its established character and above-average positioning within its immediate area, rather than in standout size or modern finishes.
Key Characteristics & Ideal Buyer
The 1,160 sqft bungalow, built in 1978, sits on a generous 6,379 sqft lot. The data reveals a property that consistently performs "above average" within its community context. Its municipal tax assessment is notably in the top 25% for Waverley Heights, suggesting the city views it as a higher-value home in the area. Interestingly, it is the newest home on its own street, which may imply fewer immediate concerns about aging infrastructure compared to direct neighbours. The living space is typical for the street and community, but the lot size is larger than most in Waverley Heights, offering valuable outdoor space.
The appeal here is for a buyer seeking an established, stable property in a mature neighbourhood. It suits someone who values a larger yard and a home that holds its value well within its local market, as indicated by the strong assessment ranking. It would be a practical choice for first-time buyers or downsizers looking for a manageable size without sacrificing land, or for investors attracted by a property that benchmarks well against local averages. A less obvious perspective is that its "newness" on the street could mean it has had fewer owners or more consistent upkeep than its neighbours, offering a relative sense of predictability.
Frequently Asked Questions
1. What does the tax assessment ranking actually tell me?
The assessment value is in the top 30% city-wide and top 25% in Waverley Heights. This generally indicates the city assesses this property as being of higher value than many comparable homes, which can be a positive sign for equity, though it also means your property taxes will likely be higher than the area's median.
2. The house was built in 1978. What should I be aware of?
While it's the newest on its street, a home from this era may still contain original components like windows, roofing, or major systems (furnace, electrical) that are nearing or past their typical lifespan. A thorough inspection is crucial to budget for potential updates.
3. The living space is close to the area average. Will it feel cramped?
At 1,160 sqft, the living area is very typical for bungalows in this community. It provides a standard layout for the neighbourhood. The larger-than-average lot size is a compensating feature, effectively extending your living space outdoors during warmer months.
4. How does this home truly compare to others nearby?
The provided rankings are a statistical snapshot. To get a real sense of condition, layout, and updates, you would need to view this home and others on Lake Island Crescent and in Waverley Heights personally. The "above average" assessment suggests it may have features or conditions the raw data doesn't capture.
5. Is the lot size a major advantage?
Yes, particularly within Waverley Heights, where this lot is larger than about 65% of others. This allows more room for gardening, recreation, privacy, or future additions like a shed or deck, which is a significant benefit in an established neighbourhood.