Property Summary: 219 Lake Village Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Lake Village Road presents a compelling blend of space, value, and a desirable location within Waverley Heights. Its key appeal lies in offering above-average living space (1,152 sqft) on its own street, where it ranks in the top 9% for size, providing more room than most direct neighbors. Built in 1978, it is also one of the newer homes on the block, ranking #1 on its street for year built.
The property’s most notable characteristic is its value proposition within the broader Waverley Heights neighborhood. While the home offers solid space, its assessed value is notably below the neighborhood average, ranking in the top 90% (meaning it’s more affordable than 90% of comparable area homes). This creates a potential opportunity for buyers seeking entry into this area. The lot is more compact than typical for the neighborhood and city, which translates to lower maintenance while still providing a private outdoor space.
This home would ideally suit first-time buyers or downsizers looking for a manageable property in a established area without a premium price tag. It’s also a practical choice for value-conscious buyers who prioritize interior space and a newer build year over a large yard, and who see the below-average assessment for the neighborhood as a strategic entry point.
Section 2: Frequently Asked Questions
1. Is the living space adequate for a growing family?
At 1,152 sqft, the living area is larger than most homes on Lake Village Road and is close to the neighborhood average. It provides a functional footprint for a small to medium-sized family, especially when compared to other options on the same street.
2. Why is the assessed value below the neighborhood average?
The assessed value is influenced by multiple factors. In this case, the home’s more compact lot size (3,499 sqft), which is below the Waverley Heights average, is a likely contributor. This can be an advantage, resulting in a relatively lower property tax burden compared to neighbors with larger land parcels.
3. What does the "newer" build year mean for maintenance?
Built in 1978, this home is among the newest on its street. While still over 40 years old, this can suggest potentially newer core components (like roofing, wiring, or plumbing) compared to older area homes, but a thorough inspection is always recommended to confirm the condition of major systems.
4. How does the lot size impact the property?
The lot is smaller than the typical Winnipeg property. This means less yard work and lower outdoor maintenance, which many buyers appreciate. It does, however, offer less space for expansive gardens, additions, or large outdoor recreational structures.
5. How does this property compare to others in Winnipeg overall?
City-wide, this home is very average in terms of living space, assessed value, and age. Its standout features are specific to its immediate location: it offers more interior space and a newer build year than most on its street, while being priced below most homes in the wider Waverley Heights area.