Property Overview: 14 Lakeglen Drive, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-situated Waverley Heights home presents a balanced and practical opportunity. Its key appeal lies in offering solid, average-sized living space (1,077 sqft) within a notably generous and private lot. At nearly 7,800 sqft, the land area is a true standout, ranking well above average for both the neighborhood and the city, providing ample room for gardening, play, or expansion.

Built in 1977, the home is one of the newer properties on its street, suggesting potentially fewer immediate concerns with aging infrastructure compared to older neighbors. The assessed value aligns closely with street-level averages, indicating a market-appropriate price without premium speculation.

This property would suit a buyer looking for a established, no-surprises neighborhood setting where the value is anchored more in the substantial land parcel than in an oversized house. It’s ideal for those who prioritize outdoor space and a sense of privacy over a vast interior footprint, making it a fit for first-time buyers seeking room to grow, downsizers wanting a manageable home with a large yard, or practical investors attracted by stable, average metrics in a desirable area.

Section 2: Frequently Asked Questions

1. Is the living space smaller than average?
Yes, but context matters. The home’s interior is slightly below the average for Lakeglen Drive and Waverley Heights. However, this is balanced by the significantly larger-than-average lot and the home’s newer build date for the street, suggesting a trade-off where the property’s value is distributed differently than some peers.

2. What does the "Elite" ranking for year built mean?
On Lakeglen Drive specifically, a 1977 build date is newer than most comparable homes. This "Elite" street-level ranking means that, among its immediate neighbors, this house is likely among the most recently built, which can be an advantage for systems and components.

3. How does the assessed value compare?
The assessment is very typical for the street but ranks higher city-wide. This indicates the property is priced in line with its direct location on Lakeglen Drive, while the higher city ranking reflects the overall desirability and value level of the Waverley Heights area within Winnipeg.

4. What are the advantages of such a large lot?
The lot size is a key feature. It offers superior privacy, space for outdoor activities, gardens, or sheds, and future potential (subject to zoning and approvals) for additions like a deck, garage, or even an extension. It provides a feeling of space that is less common in newer subdivisions.

5. Are these rankings a guarantee of value?
No. These rankings are a useful, data-driven snapshot of how this property compares to others in various scopes. They highlight objective strengths (lot size, newer build on street) and considerations (modest living area). They are a starting point for evaluation, not a substitute for a professional home inspection or personal assessment of layout, condition, and livability.