Property Overview: 12 Lowell Place, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of space, value, and established community living. Its most standout feature is the generous 9,164 sqft lot, which is significantly larger than most properties in both the Waverley Heights neighborhood and across Winnipeg. This offers excellent potential for gardening, outdoor recreation, or future expansion. The living space of 1,252 sqft is practical and aligns with the citywide average, comfortably accommodating family life.

The appeal lies in its strong value proposition within a desirable area. While the home itself is of a typical size and era (built in 1976), its municipal tax assessment is notably higher than area and city averages. This often reflects the perceived value of the lot and the established, stable character of the immediate street. It’s a property where the land is a primary asset.

This home would suit buyers looking for a solid foundation in a mature neighborhood—perhaps a growing family valuing outdoor space over a brand-new build, or a value-conscious buyer who sees potential in a larger lot. It’s for someone who appreciates an established streetscape and is comfortable with a home that may benefit from personal updates over time.

Section 2: Frequently Asked Questions

1. How does the lot size compare to nearby homes?
The lot is a key advantage. It ranks in the top 8% citywide for size, meaning you get substantially more yard space than the typical Winnipeg property, and it's notably larger than most lots in the Waverley Heights community.

2. The tax assessment seems high for the home's age and size. Why?
The assessed value is above the neighborhood and city averages, ranking in the top 25% in Winnipeg. This typically reflects the premium value of the large lot and the stable, established nature of Lowell Place itself, rather than just the built structure.

3. Is the living space smaller than other homes on the street?
Yes, the living area is slightly below the average for Lowell Place itself. However, it is very close to the average for the wider Waverley Heights neighborhood and is a standard size for the city overall, indicating the street may have some larger homes.

4. What does the build year ranking tell me?
On its own street, it's one of the newer homes. Compared to the broader neighborhood, it's slightly older than average. Citywide, it's very close to the median age for homes. This suggests the immediate area is well-established with homes from a similar era.

5. How should I interpret the "ranking" data?
The rankings show how this property compares to similar ones in three expanding circles: its street, its neighborhood (Waverley Heights), and all of Winnipeg. A high ranking (low number like 1, 2) or a high percentile (e.g., top 8%) means it performs very well in that specific metric compared to its peers. The data is most useful for identifying standout features, like the lot size, and understanding context, like the home's value assessment relative to the area.