Property Summary: 41 Lake Village Road
Section 1: Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1977, presents a compelling opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its strong positioning within its immediate community on Lake Village Road. The home offers an above-average living area and a larger-than-typical lot (4,358 sqft) for its specific street, suggesting good interior space and valuable outdoor room relative to its closest neighbors. With an assessed value below the neighborhood average, it represents a more accessible entry point into the area.
The property suits practical buyers looking for a solid, well-sized home in an established area without paying the full neighborhood premium. It’s ideal for someone who values street-level community character over broader area status. A thoughtful perspective is that this home is a "street standout" in key metrics like size and lot, yet is priced below the wider area's norm, potentially offering a value proposition for a buyer who plans to stay and invest in updates over time.
Section 2: Frequently Asked Questions
Q: How does this home’s size really compare to others?
A: At 1,080 sqft, it is notably larger than the average home on Lake Village Road (936 sqft), making it spacious for its immediate setting. It is close to the Waverley Heights neighborhood average but slightly below the citywide average for comparable properties.
Q: Why is the assessed value below the neighborhood average?
A: The assessed value of $302k is below the Waverley Heights average ($398.1k). This can be due to a variety of factors, including the home’s specific condition, features, and its valuation relative to other, potentially larger-lotted or renovated homes in the broader neighborhood.
Q: Is the lot size a pro or a con?
A: It depends on priority. The lot is significantly larger than the street average, a big plus for privacy and outdoor space on Lake Village Road. However, it is smaller than the typical lot in the wider Waverley Heights area, so it may not fit someone seeking a very large yard by neighborhood standards.
Q: What does the year built (1977) indicate?
A: Built in 1977, this home is newer than most on its street and is right around the average for its neighborhood and city. This suggests it likely benefits from modernizations common to its era while still being part of Winnipeg’s established housing stock.
Q: Who would this property suit best?
A: It’s an excellent fit for first-time buyers, downsizers, or value-focused investors seeking a well-sized home in a stable area. It’s particularly suited to buyers who prioritize the character and scale of a specific street and see potential in a property that stands out positively within its most direct comparison group.