Property Summary: 87 West Lake Crescent, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-maintained 1,152 sqft bungalow, built in 1978, presents a compelling opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its efficient use of space and its strong standing on its specific street, West Lake Crescent. While the living area is comfortably average for the street and city, the property's assessed value ranks in the top 22% on its block, suggesting it is a well-regarded home on a desirable stretch. The lot, at 2,827 sqft, is smaller than most in the wider area, which translates to less exterior maintenance—a potential benefit for downsizers or those seeking a manageable yard.
This home would suit practical buyers looking for a solid, move-in-ready property in a mature neighborhood without paying a premium for excess land. It’s an ideal fit for first-time buyers seeking a foothold in the area, or for empty-nesters looking to right-size. The data indicates you’re purchasing a home that outperforms its immediate peers in value, on a street where homes are consistently newer than much of Winnipeg, offering a balanced blend of investment and livability.
Section 2: Frequently Asked Questions
Q: How does the property’s value compare to the neighborhood?
A: The home’s assessed value is above average for its own street but below the broader Waverley Heights average. This often indicates a desirable micro-location within the neighborhood, offering value relative to immediate neighbors while the area overall may have larger, higher-value homes.
Q: Is the living space small for the area?
A: Not at all. At 1,152 sqft, the living area is very close to the street average and is a efficient, modern-sized layout for the home’s vintage. It sits comfortably within the typical range for similar homes across Winnipeg.
Q: What does the smaller lot size mean for me?
A: The 2,827 sqft lot is notably smaller than most in Waverley Heights. This means less yard work and lower outdoor maintenance costs, but also less private outdoor space. It’s a trade-off that favors simplicity and ease over extensive gardening or recreation space.
Q: The home was built in 1978. Is that a concern?
A: The year built is actually above average for the Waverley Heights neighborhood, meaning the home is newer than many around it. Homes from this era often feature modern foundations, wiring, and insulation standards, but as with any home of this age, a thorough inspection is recommended.
Q: Do the rankings suggest this is a good investment?
A: The rankings show a property that is competitive and well-positioned on its own street—often the most direct indicator of value. Its strength on West Lake Crescent, coupled with its manageable size, suggests a stable property with broad appeal for future resale.