Property Overview: 49 Lakeland Place, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated home at 49 Lakeland Place presents a compelling blend of space, value, and location. Its primary appeal lies in its generous, above-average lot size of over 10,600 sqft—a standout feature that ranks within the top 5% city-wide and top 3% in the desirable Waverley Heights neighborhood. This offers significant outdoor potential, from gardening to expansion. The living area (1,760 sqft) is comfortably above both neighborhood and city averages, providing ample room for family life.
While the home itself is typical for its street in terms of size, age, and assessed value, its true context is revealed at the neighborhood level. Here, it holds an "elite" ranking for assessed value (top 4%), indicating it is perceived as a premium property within a highly regarded area. This suggests you're buying into a solid, established community where this property is a strong performer.
This home would suit buyers looking for a established neighborhood character with a premium lot size, who value space and long-term location stability over a brand-new build. It’s ideal for those who see potential in the land itself—whether for outdoor enjoyment, future landscaping projects, or simply the privacy and room that a larger lot affords.
Section 2: Frequently Asked Questions
1. How does this property really compare to others in the area?
While it's average among its immediate neighbors on Lakeland Place, it stands out significantly within the broader Waverley Heights community, particularly for its lot size and assessed value. You're getting a property that is a high-tier offering in a sought-after neighborhood.
2. The home was built in 1974. What should I consider?
This is a classic era for solid construction in the area. While systems like roofing, windows, and HVAC may be due for updates or replacement, the build quality is typically robust. A thorough inspection is key to budgeting for any modernizations.
3. What does the "elite" assessed value ranking mean for me?
It primarily confirms the property's strong standing and desirability within the neighborhood, which is positive for long-term value. For property taxes, the assessed value of $539k is a key input, so you can estimate annual taxes accordingly.
4. The lot is a major feature. What are the possibilities?
Beyond a large backyard, a lot of this size (over a quarter-acre) offers flexibility. It could accommodate additions like a sizable deck, workshop, or pool, or simply provide generous green space and privacy rarely found in newer subdivisions.
5. Is the living space sufficient for a growing family?
At 1,760 sqft, the home is larger than the average Winnipeg home and significantly above the Waverley Heights average. It provides a solid foundation for a family, with the lot size offering valuable "overflow" space for play and recreation that interior square footage alone doesn't provide.