Property Overview: 43 Lake Island Crescent, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated home in Waverley Heights presents a compelling blend of space, established character, and a strong lot. Built in 1978, its construction year is notably newer than most on its street, suggesting potentially fewer age-related concerns compared to immediate neighbors. The primary standout feature is the generous 7,369 sqft lot, which ranks in the top tier for Lake Island Crescent. This offers significant outdoor space for gardening, recreation, or future expansion, a rarity that becomes more valuable over time.
The 1,280 sqft living area is consistent with neighborhood and city averages, providing comfortable, functional space without being excessive. Its assessed value sits above the neighborhood average, indicating a perceived premium within Waverley Heights, yet remains aligned with the street and citywide context. This profile suggests a property that is not an outlier in size or value, but one that holds its ground with key advantages.
Its appeal lies in its balance and quiet strengths. It suits buyers looking for a established home in a mature neighborhood who prioritize a larger, private yard over a massive interior. It would also resonate with those who appreciate a home that is newer than its immediate peers, potentially offering more modern infrastructure. It’s a practical choice for a growing family, someone with outdoor hobbies, or a buyer who sees long-term value in land over flashy finishes.
Section 2: Frequently Asked Questions
1. Is the house significantly newer than others nearby?
Yes. Built in 1978, it is the newest home among its 23 direct comparables on Lake Island Crescent. This can be an advantage regarding the vintage of major components like plumbing, electrical, or foundation standards for the area.
2. How does the lot size compare?
The lot is a key feature. At 7,369 sqft, it is significantly larger than the street average (6,247 sqft) and provides above-average outdoor space for both the neighborhood and the city.
3. The assessed value seems high for the neighborhood. Why?
The assessed value of $433k is above the Waverley Heights average. This is likely influenced by the combination of its newer construction date, larger lot size, and specific location on the street, as perceived by municipal assessors.
4. Is the living space considered small?
No. At 1,280 sqft, the living area is very close to the average for the street, neighborhood, and city. It represents a standard, comfortable size for a family home in this market segment.
5. What does this data tell me about the investment potential?
The data suggests a stable, established property. Its above-neighborhood assessment and elite-tier lot size are positive value indicators. The fact that it ranks consistently around average or better across multiple scales (street, neighborhood, city) points to a home that is fundamentally aligned with market norms while possessing specific competitive advantages.