52 West Lake Crescent

Property Overview

This home at 52 West Lake Crescent presents a specific and practical value proposition. Its key characteristic is its compact efficiency. With 809 sqft of living space, it is notably smaller than the average home on its street, in the Waverley Heights neighbourhood, and across Winnipeg. This is balanced by a land size typical for its immediate street but smaller than the area norm. The 1979 build year is a standout feature, being newer than most comparable homes in the vicinity. The assessed value is close to the street average but sits below the wider neighbourhood average, suggesting a potentially accessible entry point into the area.

Its appeal lies in its manageability and location. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property in a well-established neighbourhood without the premium price tag of a larger home. The newer build year (for its area) can be a plus for those wary of the maintenance issues common in much older homes. It’s a home for those who prioritize location and a sensible footprint over spaciousness, ideal for a minimalist lifestyle or as a strategic foothold in the community.

Common Questions

1. Is the living space too small?
At 809 sqft, it is compact. It will suit individuals, couples, or small families comfortable with efficient living. The space is significantly below the neighbourhood average, so buyers should prioritize functional layout over expecting abundant room.

2. How does the property tax assessment affect the price?
The assessment is near the street average but below the neighbourhood average. This can indicate a relatively lower municipal tax burden compared to many area homes, but the sale price is determined by the market, not the assessment.

3. What does the 1979 build year mean for maintenance?
Being built in 1979 is a relative advantage on this street and in this neighbourhood, where many homes are older. However, a home of this age will still require careful attention to its original major systems, like roofing, windows, and plumbing, which may be nearing or past their typical lifespan.

4. The land size is smaller than the neighbourhood average. Is that a concern?
The lot is consistent with others on West Lake Crescent but smaller than many in Waverley Heights. This means less yard maintenance, which is a benefit for some, but also less private outdoor space and potentially less room for future expansion compared to larger lots nearby.

5. How should I interpret the ranking data?
The rankings show how this property compares to others. For example, its living space ranks in the bottom 10-15% locally, confirming its compact nature. Its build year ranks in the top 2% on its street, highlighting its relative newness there. Use this data to understand its standout features and trade-offs within the market.