Property Overview: 71 Lakeside Drive
Key Characteristics & Appeal
This home at 71 Lakeside Drive presents a compelling blend of above-average space and established value within Winnipeg’s Waverley Heights neighborhood. Its 1,833 sqft living area is notably larger than both neighborhood and city averages, offering generous room for families or those who value space. The true standout, however, is its assessed value of $575k, which places it in the elite top 2% of its immediate neighborhood, suggesting a property that outperforms its local market.
The appeal lies in its position as a substantial and valuable asset on a generous 8,661 sqft lot. While it’s a typical 1977-built home for its street, it sits on a larger-than-average parcel of land for the wider area, offering privacy and outdoor potential. This isn’t the newest home on the block, but it represents a premium, established property in a desirable setting. It would best suit buyers looking for a move-in ready family home with proven value retention, or those seeking a property with underlying land value in a mature, well-regarded community.
Frequently Asked Questions
Q: How does this home’s value compare to others nearby?
A: Its assessed value is significantly above average. It ranks 4th highest out of 35 on its own street and is in the top 2% within the broader Waverley Heights neighborhood, indicating it is considered a premium property in this area.
Q: Is the living space considered large?
A: Yes. At 1,833 sqft, the living area is above average for the neighborhood (top 6%) and the city (top 16%). It is comfortably larger than the typical home on Lakeside Drive itself.
Q: What is the lot size like?
A: The lot is a substantial 8,661 sqft. This is above average for both the neighborhood (top 11%) and the city (top 9%), offering more outdoor space than many comparable properties.
Q: The home was built in 1977. Is that older than most?
A: On Lakeside Drive, 1977 is actually slightly newer than the street average. In the wider context of Waverley Heights and Winnipeg, its age is very typical for the housing stock, meaning services and renovations for homes of this era are readily available.
Q: What do these rankings actually mean for a buyer?
A: They provide objective context beyond the listing price. They show this property offers more interior space and land than most in the city, and its assessed value is notably high for its immediate area—factors that can indicate stronger long-term value and desirability.