Property Overview: 27 Lake Island Crescent, Waverley Heights, Winnipeg
Key Features & Ideal Buyer
This well-situated home on Lake Island Crescent presents a solid opportunity in Winnipeg's Waverley Heights neighborhood. Its primary appeal lies in its strong positional metrics within its immediate community. The home boasts a living area of 1,450 sqft, which is notably above average for both its street and neighborhood, offering more interior space than many nearby comparable properties. Built in 1978, its construction year is ranked "Elite" on its street, indicating it is among the newest homes in that specific row, which can be a positive signal for infrastructure and modern building codes relative to its closest neighbors.
The assessed value of $429k sits comfortably around the street average but is above the neighborhood average, suggesting the location on this specific crescent is a valued asset. The lot size of 6,174 sqft is consistent with the area and provides ample outdoor space.
This property would suit a buyer looking for a established home in a mature neighborhood, who values space and a newer build date relative to the immediate block. It's ideal for someone who prioritizes a strong standing within a specific, desirable pocket (the street and neighborhood rankings) over a top-tier citywide ranking. The data suggests you're buying into a well-above-average segment of Waverley Heights itself.
Frequently Asked Questions
1. What do the ranking percentages (Top 26%, etc.) actually mean?
They show how this property compares to similar homes in three areas: its street, its wider neighborhood (Waverley Heights), and all of Winnipeg. For example, being in the "Top 26%" for living area on its street means about 74% of comparable homes on Lake Island Crescent are smaller.
2. The assessed value is above the neighborhood average. Does that mean it's overpriced?
Not necessarily. The assessment reflects the market value estimate for taxation. It being above the Waverley Heights average but aligned with its specific street's average indicates that Lake Island Crescent itself may be a premium strip within the neighborhood, justifying a higher value.
3. The home is "newer" on its street but average citywide. Is that important?
Yes, from a maintenance perspective. Being one of the newest homes on your immediate block can mean common issues for homes of that era have potentially been addressed, and you may have similar-aged neighbors facing comparable upkeep timelines, which can influence local renovation trends and material choices.
4. How should I interpret the lot size being "Above Average" citywide but "Around Average" locally?
This tells you the neighborhood character. Waverley Heights generally features lots that are slightly smaller than the Winnipeg average. Your lot is very typical for the area you're buying into, which ensures consistency in streetscape and neighbor spacing.
5. The living area ranks higher than the assessed value. What does that indicate?
This often points to a home that offers good interior space for its price point within that location. It suggests the value may be more tied to the square footage and livability of the house itself rather than purely the land or an inflated prestige factor. It's a practical metric for buyers prioritizing space.