Property Overview
This home at 78 Lakeshore Road presents a solid, middle-ground opportunity in the Waverley Heights neighborhood. Built in 1975, it sits on a generous 6,270 sqft lot that is above average city-wide. With 1,216 sqft of living space, the house itself is slightly more compact than others on its street but aligns closely with the broader neighborhood and city averages. Its assessed value of $429k positions it as an above-average offering within Waverley Heights, suggesting good value for the area.
The appeal here lies in its balance and location. You’re acquiring a property on a mature street where the home’s value stands strong against neighborhood peers, even with a modest floor plan. The lot size is a significant asset, offering ample outdoor space that is becoming rarer in newer developments. This property would suit practical buyers looking for a well-located home without a premium price tag—perhaps first-time buyers seeking entry into a desirable area, or downsizers who value a manageable house size paired with a spacious yard. It’s not the largest or newest on the block, but it represents a grounded, value-conscious choice in a stable setting.
Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: At 1,216 sqft, the living area is slightly below the average for Lakeshore Road itself, but it is very close to the average for both the wider Waverley Heights neighborhood and the city of Winnipeg. It’s a comfortably sized home that fits the typical scale of the area.
Q: Is the assessed value a good indicator of the property’s worth in the market?
A: The $429k assessment is notably above the neighborhood average, which often reflects the property’s perceived value relative to its immediate surroundings. However, market conditions and the home’s specific condition will ultimately determine the sale price.
Q: What does the lot size offer?
A: The 6,270 sqft lot is a key feature. It’s above the city-wide average and provides substantial outdoor space for gardening, recreation, or future expansion, which is a valuable asset in an established neighborhood.
Q: The home was built in 1975. What should I consider?
A: Built in the mid-70s, this home is of a typical vintage for the street but is slightly older than many in the Waverley Heights area. Prospective buyers should budget for potential updates to major systems like roofing, windows, or HVAC that are common for homes of this age, while also appreciating the character and established landscaping of an older property.
Q: How does this property rank for investment or resale?
A: The data suggests a stable profile. Its value ranks well within a sought-after neighborhood, and the above-average lot size is a lasting advantage. While not the largest home, its balanced metrics indicate it should hold its appeal to a broad segment of buyers looking for a balanced offering in a good location.