Property Summary: 34 Lake Island Crescent, Waverley Heights
Section 1: Overview & Appeal
This home presents a solid, balanced offering in the Waverley Heights neighborhood. Its key characteristic is consistency: at approximately 1,200 sqft, its living space is very close to the average for its street, neighborhood, and city, making it a typical and manageable size. The 1978 build year is a standout feature, ranking as the newest on its street, which suggests potentially fewer immediate concerns with aging components compared to neighbors.
The appeal lies in its stable, middle-ground positioning. With an assessed value slightly above city and neighborhood averages, it reflects a perceived stability in the area. The lot size, while smaller than others on Lake Island Crescent, is near the neighborhood average, offering a balance of yard space and low maintenance. This property would suit pragmatic buyers—perhaps first-time homeowners or downsizers—who value a move-in-ready footprint in an established area without extreme highs or lows in its metrics. It’s for someone seeking a home that is unassuming in scale but notable for its relative modernity on the block.
Section 2: Frequently Asked Questions
1. Is the living space smaller than average?
The living area is very close to the averages for the street (1,236 sqft) and neighborhood (1,239 sqft). It is efficiently sized, ranking in the middle of the pack, which typically indicates a practical, no-surprises layout.
2. Why is the assessed value higher than some averages?
The assessed value of $424k is above both the city and neighborhood averages. This is likely due to a combination of its newer build year (1978) and its location on a street where average values are strong ($436k average on Lake Island Crescent).
3. What does "newest on the street" for the 1978 build really mean?
While 1978 may not seem new, it ranks #1 out of 23 homes on this street. This means every comparable home on the block is the same age or older, which can be an advantage for systems, roof age, and overall wear-and-tear relative to immediate neighbors.
4. How does the lot size impact the property?
At 5,491 sqft, the lot is below the street average but aligns more closely with the neighborhood average. This may mean a more manageable yard for maintenance, but slightly less private space than some direct neighbors.
5. How does this home compare to the wider Winnipeg market?
City-wide, this home sits around the 50th percentile for size and the 33rd for value. This indicates you are getting a home of typical Winnipeg size, but in a neighborhood (Waverley Heights) where property values generally rank above the city median.