Property Overview: 110 Lakeshore Road, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 110 Lakeshore Road is a study in contrasts, offering a practical opportunity in a well-established Winnipeg neighborhood. Its key characteristic is its efficient, slightly below-average living space (1,092 sqft) situated on a standard-sized lot (5,773 sqft). While the home itself is more compact than many on its specific street, this is balanced by an assessed value that is sensible relative to both the street and the broader city averages.

The appeal lies in its position as a potentially manageable and affordable entry point into the Waverley Heights area. Built in 1976, it is actually newer than many homes in the immediate vicinity, which could suggest updated core systems. This property would suit first-time buyers or downsizers seeking a lower-maintenance footprint without leaving a desirable neighborhood. It’s also a pragmatic choice for value-focused investors or buyers who prioritize location and lot potential over sheer interior size, seeing the compact living area as a canvas for efficient modernization.

Section 2: Frequently Asked Questions

1. Is the living area too small compared to the neighborhood?
The home's living area is smaller than the average on Lakeshore Road itself, but it aligns more closely with the wider Waverley Heights and citywide averages. It represents a more efficient use of space rather than an outlier.

2. How does the assessed value compare, and what does it indicate?
The assessed value of $421k is moderately below the street average but above the neighborhood and city averages. This typically suggests you are paying a slight premium for the specific street address, but the home is still positioned within a reasonable value band for the area.

3. The home was built in 1976. Is that a concern?
The data shows this home is actually newer than most on its block, ranking in the top 8% on its street for year built. This can be an advantage, potentially indicating younger major components like plumbing, electrical, or roofing compared to immediate neighbors.

4. What does the lot size mean for potential expansion or outdoor space?
At 5,773 sqft, the lot is below average for the street but typical for the wider neighborhood. It provides standard backyard space but may have limitations for large additions without compromising outdoor area. Always verify local zoning bylaws.

5. How should I interpret the various ranking percentages?
The rankings (e.g., Top 61%) show how this property compares to similar homes in three circles: its street, its neighborhood, and the entire city. A key insight here is that while the home is smaller than its direct street neighbors, its value and age hold up very well in the broader context, indicating its competitive standing isn't limited to just one block.

To explore this property's location and compare it visually with nearby homes on key metrics, you can open the detailed neighbourhood analysis map.