27 Lake Green Place

Property Summary: 27 Lake Green Place

Section 1: Key Characteristics & Appeal

This home at 27 Lake Green Place presents a compelling mix of space, value, and location within Winnipeg's Waverley Heights neighborhood. Its key appeal lies in its generous, above-average lot size of over 8,500 sqft—a standout feature that offers ample outdoor space and privacy, ranking in the top 12% of the local area. The living area (1,192 sqft) is comfortably sized, aligning with city-wide averages while feeling cozier compared to some larger homes on its specific street.

The property’s assessed value sits in an interesting position: it is above average for both the neighborhood and the city, suggesting strong perceived value in a desirable area, yet it is one of the more accessible entry points on Lake Green Place itself. Built in 1978, it is contemporaneous with many homes in the area, offering typical charm and potential for updates. This home would suit a buyer looking for a solid investment in a well-regarded neighborhood who prioritizes a large yard over a maximized interior footprint. It’s ideal for someone who sees value in the land and location, and who may be comfortable with a home that offers a blank canvas for personalization.

Section 2: Frequently Asked Questions

1. Is the living area smaller than other homes on the street?
Yes, the home's living area is somewhat below the average for Lake Green Place itself. However, it is very close to the average for the wider Waverley Heights neighborhood and the city overall, indicating it offers a standard amount of interior space for the area.

2. Why is the assessed value higher than the city average?
The assessed value is above the Winnipeg average, which primarily reflects the desirable Waverley Heights location and the property's significantly larger-than-average lot size. Value is driven more by land and location here than by interior square footage.

3. How does the lot size compare?
The lot is a major feature. At 8,578 sqft, it is substantially larger than most lots in both the neighborhood (top 12%) and city-wide (top 9%), offering excellent outdoor potential.

4. What does the "Top X%" ranking mean?
A "Top X%" rank shows how this property compares to similar homes in a given area. For example, being in the "Top 24%" for value in the neighborhood means about 76% of comparable homes have a lower assessed value, placing this one in the higher tier.

5. Is this a newer home for the area?
Built in 1978, it is typical for the street and neighborhood. It is not a newer construction but is slightly newer than the city-wide average for comparable homes.