Property Overview

This 857 sqft home at 1108-30 Lake Crest Road in Waverley Heights presents a solid, value-conscious opportunity within a well-established neighborhood. Built in 1985, its construction year is notably newer than most direct comparables on its street and within the wider community. The living space is efficiently sized, offering more room than the typical home on Lake Crest Road while aligning closely with the neighborhood average. A key financial characteristic is its municipal tax assessment of $168,000, which is modest relative to the Winnipeg citywide average, suggesting potentially manageable property tax obligations. The appeal here lies in a pragmatic balance: a home that is competitively sized and newer-built within its immediate locale, coupled with an assessment value that positions it as an accessible entry point into the area. It would suit first-time buyers or practical-minded investors seeking a foothold in a mature neighborhood without a premium price tag, and who prioritize functional space and newer infrastructure over sheer size.

Frequently Asked Questions

1. What does the "newer build year" ranking actually mean for a 1985 home?
While 1985 isn't new in an absolute sense, the data shows this home is among the newest on its street and in Waverley Heights. This suggests it may have benefited from building standards or materials of its era that are an upgrade over the neighborhood's older housing stock, potentially affecting roof, windows, or foundational elements.

2. The living space is above the street average but below the city average. How does this feel in practice?
This indicates a efficient, likely well-configured floor plan for its locale. You're getting a home that feels spacious compared to many neighbors but isn't oversized. It's a practical size for a smaller household or couple, focusing on usability rather than excess square footage that drives up costs and maintenance.

3. Why is the tax assessment significantly below the Winnipeg average?
The assessment reflects the property's value as determined by the municipal authority for taxation purposes. A below-average assessment, while not directly setting market price, often correlates with lower property taxes. This can be a major advantage for long-term affordability, making the home's ongoing costs predictable and relatively contained.

4. Who might this property not be ideal for?
It may not suit buyers looking for a very large or expansive living area, as it is not in the top tier for size citywide. Similarly, those seeking a brand-new build or a home with values significantly above neighborhood averages for prestige might find it too modest.

5. How should I interpret the different rankings for street, community, and city?
They provide valuable context. A high street ranking (like the build year) means you have a standout feature compared to your closest neighbors. Community rankings show how you fit in the broader area, while city rankings place the home in the wider market. Here, the home's strengths are most pronounced in its immediate surroundings, offering local competitiveness.