Property Summary: 38 Forest Lake Drive, Waverley Heights
Section 1: Overview & Appeal
This home at 38 Forest Lake Drive stands out primarily for its generous scale and established location. Its key characteristic is a substantial 2,361 sqft of living space, which ranks in the elite top 1% for the Waverley Heights neighborhood and well above averages at the street and city level. Built in 1978, it is also a newer build among its immediate peers on Forest Lake Drive. The lot size is comfortably above average for the wider area, offering ample outdoor space.
The appeal lies in acquiring a larger, well-situated property without the premium typically attached to the most expensive homes on the street. While its assessed value is above average for the neighborhood, it is around the average for its own street, suggesting a value proposition for the square footage offered. This property would suit buyers looking for established character, spacious interiors for a growing family or home office needs, and a prime location within a sought-after neighborhood. It’s ideal for someone who values space over a brand-new build and appreciates a home that already holds a strong, above-average position in its community.
Section 2: Frequently Asked Questions
1. How does the home’s size truly compare to others?
The living area is a definitive strength. It is significantly larger than typical homes in Waverley Heights (top 1%) and Winnipeg overall (top 4%), offering space that is rare for the area.
2. Is the assessed value in line with the property’s features?
The assessment reflects a balance. While the value is elite for the neighborhood, it is average for Forest Lake Drive itself. This suggests you are paying for the location and size, but not an extreme street premium, which can indicate relative value for the space you get.
3. What does the “newer” build year mean for this home?
Built in 1978, it is newer than most on its specific street (top 6%). This can imply updated infrastructure or layouts compared to immediate neighbors, though a professional inspection is still essential to determine the exact condition of major systems.
4. Is the lot size a major feature?
The lot is above average for the neighborhood and city, providing good outdoor space. However, on its own street, it is typical. The appeal is more about having a solid, established yard rather than an exceptionally large one compared to the direct neighbors.
5. Who would this property not suit?
Buyers seeking a modern, turn-key home or those with a strict budget at the lower end of the neighborhood’s range may find other options. The home’s value and size come from its established, spacious nature, which may involve personalization or updates.