Property Summary: 26 Lakeside Drive, Waverley Heights
Key Characteristics & Appeal
This 1,130 sqft bungalow, built in 1977, presents a compelling value proposition within the established Waverley Heights neighborhood. Its primary appeal lies in its generous 6,776 sqft lot, which is notably larger than most homes in both the neighborhood and city-wide, offering significant outdoor space and potential. While the living area is modest compared to others on Lakeside Drive, it aligns with the averages for the wider area and city, suggesting a comfortable, manageable footprint.
The property suits two main types of buyers: first, those seeking a lower entry point into a desirable street where they can invest in future renovations or an addition, leveraging the sizable lot. Second, it appeals to buyers who prioritize outdoor space over interior square footage, valuing room for gardens, play areas, or future projects like a garage or workshop. A thoughtful perspective is that its assessed value is below the street average but aligned with the neighborhood, indicating it may offer relative value on a street of generally higher-valued homes, potentially with more reasonable property taxes as a result.
Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. At 1,130 sqft, the living area is below the street average of 1,598 sqft. However, it is very close to the neighborhood and city-wide averages, indicating a typically sized home for Winnipeg, just on a street with larger-than-average houses.
2. What is the standout feature of this property?
The lot size. At nearly 6,800 sqft, the land area is above average for both Waverley Heights and Winnipeg overall. This is a significant asset for privacy, outdoor activities, or future expansion.
3. How does the assessed value compare?
The assessed value of $408k is below the average for Lakeside Drive but aligns closely with the Waverley Heights and Winnipeg averages. This suggests the valuation reflects the home's size and characteristics more than its prestigious address.
4. Is the home older or newer than most?
Built in 1977, it is typical for its neighborhood and actually newer than the average Winnipeg home. On its own street, it ranks as newer than most, indicating it may be among the more updated original structures in that immediate row.
5. Who would this property not suit?
Buyers seeking a move-in-ready home with interior square footage that matches or exceeds the street's substantial norms may find it too compact. It is best viewed as a solid home with exceptional lot size, ideal for those who see potential in the land or prefer a cozier interior.