Property Overview

This 857 sqft property at 1107-30 Lake Crest Road in Waverley Heights presents a distinct value profile. Its key appeal lies in its above-average living space for its immediate area, paired with a below-average property tax assessment. Built in 1985, it is notably newer than most comparable homes on its street and in the wider neighborhood. This combination suggests a home that may offer more room and potentially more modern infrastructure than its local peers, while being taxed at a level more common to smaller or older properties. It would suit practical, value-conscious buyers—such as first-time homeowners or downsizers—who prioritize interior space and newer construction within a established community over a premium postal code. A thoughtful perspective is that this property might represent a "smart spot" in the market: you're acquiring a physically above-par asset for the neighborhood, but the official valuation hasn't fully caught up, which can be a financial advantage.

Potential Buyer FAQs

1. Is the living space sufficient for a small family?
At 857 sqft, the home is larger than the average for both Lake Crest Road (826 sqft) and Waverley Heights (818 sqft), ranking in the top 15% on its street. It is a compact but efficiently sized layout, typical for the area and era, suitable for a couple, a small family, or an individual needing a home office.

2. Why is the property tax assessment lower than the city average?
The assessment of $164,000 is below the Winnipeg average ($256,000) and slightly below the local area average. Assessments are based on market value and comparable sales. This can be due to a combination of the home's specific attributes, lot size, and recent sales in the immediate vicinity, not just the home's condition or size.

3. What does the 1985 build year mean for maintenance?
Being built in 1985 means the home is newer than most direct neighbors, which can imply updated electrical systems, windows, or roofing compared to older stock. However, a home of this age will still require diligent upkeep, and key components like the roof, furnace, and major appliances may be nearing or past their typical lifespan and should be inspected.

4. How does this property compare to others on the street?
The data shows a clear pattern: this home is newer (ranked 1st out of 71) and larger (11th out of 71) than most on Lake Crest Road, but has a lower tax assessment (55th out of 71). This indicates you may get more house for your money here compared to the street's typical offering.

5. Are these rankings a guarantee of value or condition?
No. The rankings are a useful, data-driven comparison of specific metrics (size, age, assessed value) against defined groups. They do not speak to the home's interior condition, layout, updates, or lot desirability. A home ranked highly for size but low for assessment warrants a closer look to understand the full reason, which could be anything from lot characteristics to interior finishes.