Property Overview
This home at 9 Lake Village Road presents a distinct profile. Its primary characteristic is a modest 760 sqft living area, which is notably compact compared to most homes on its street, in the Waverley Heights neighborhood, and across Winnipeg. However, its assessed value of $313k is competitive, sitting close to the street average and below the broader neighborhood average. The lot size of 3,080 sqft is manageable and typical for the immediate street. Built in 1977, it is on par with or slightly newer than many comparable properties.
The appeal here lies in efficiency and value. It suits a specific buyer: a first-time homebuyer, a downsizer, or an investor seeking an entry point into a established neighborhood without the premium price tag of a larger home. The lower property taxes, due to the below-average assessed value relative to the area, are a practical financial benefit. A thoughtful perspective is that this property offers the location and community of Waverley Heights but with a simpler, more manageable footprint—ideal for those who prioritize location over square footage and prefer a lower-maintenance lifestyle without resorting to a condo.
Frequently Asked Questions
1. Is the house unusually small?
Yes, at 760 sqft, the living area is significantly smaller than the average home on Lake Village Road (936 sqft) and in the Waverley Heights neighborhood (1,239 sqft). This makes it one of the most compact homes in the immediate area.
2. Given its size, is it a good value?
The assessed value suggests it is priced appropriately for its street and is actually below the neighborhood average. This indicates you may be paying for the location and land, with the smaller home size resulting in a more accessible price point and likely lower property taxes.
3. What type of buyer would this suit best?
It’s an excellent match for minimalist buyers, first-time homeowners, or empty-nesters looking to downsize from a larger house but stay in a desirable neighborhood. It may also appeal to an investor as a potential rental property.
4. Is the lot size a drawback?
At 3,080 sqft, the lot is smaller than the neighborhood norm but is closer to the average for Lake Village Road itself. It provides adequate outdoor space for a patio or garden without the extensive maintenance of a larger yard.
5. How does its age affect its value?
Built in 1977, it is typical for the street and neighborhood. This age suggests well-established infrastructure and mature landscaping, but a prospective buyer should budget for updates common to homes of this era, such as windows, roofing, or mechanical systems.