Property Overview
This home at 42 Lake Island Crescent in Waverley Heights presents a compelling opportunity for buyers seeking above-average space and established character. Its key appeal lies in its strong and consistent performance across multiple metrics when compared to its immediate neighbors, the broader community, and the entire city of Winnipeg.
The 1,507 sqft residence sits on a generous 7,356 sqft lot, with both figures ranking in the top 20% of the local area. This offers more room both inside and out than most comparable homes nearby. Built in 1978, it is notably well-maintained or updated for its age, ranking as the newest on its street. The city's assessed value for taxes is $455,000, which is higher than average across all comparison levels, often indicating perceived quality, desirable features, or a premium location within its zones.
This property would suit buyers who value established neighborhoods with mature landscaping and more substantial lot sizes. It’s ideal for someone looking for a home that already stands out in its immediate circle in terms of size and condition, without being an extreme outlier. It may also appeal to those who see a higher assessed value as a marker of a solid investment within a stable community, though this also means property taxes will be correspondingly higher.
Frequently Asked Questions
1. What does it mean that the home ranks #1 on its street for "Build Year"?
This means that among the 23 comparable properties on Lake Island Crescent, this 1978-built home is considered the newest or among the most recently updated, giving it a potential advantage in systems, structure, or modernizations over its direct neighbors.
2. The assessed value is above average. Is this good or bad?
It's a double-edged sword. A consistently high assessment across street, community, and city comparisons often reflects desirable attributes that the municipal assessor recognizes, which can be positive for equity. However, it directly results in a higher annual property tax bill compared to homes with a lower assessed value.
3. How significant is the lot size advantage?
The lot is approximately 1,100 sqft larger than the street average and 1,400 sqft larger than the community average. This provides tangible extra outdoor space for gardening, recreation, or expansion, and is a less common find in established neighborhoods.
4. The home is above average in size for the area, but close to the city average. What does this indicate?
This suggests you are getting a home that feels spacious and premium within its own desirable community of Waverley Heights, even if its size is more typical on a city-wide scale. The value is in outperforming its immediate locale.
5. Where can I see how this property specifically compares to the houses right around it?
For a visual, side-by-side comparison of this home's key stats (like build year, living area, and assessed value) against its immediate neighbors, you can use the dedicated "Open Surrounding Map Analysis" tool mentioned in the details.