Property Overview: 14 Lakeshore Road, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-situated home on Lakeshore Road presents a compelling blend of space, location, and value. Built in 1976, it is notably newer than most on its street, suggesting potentially fewer major age-related concerns than older neighbors. With 1,456 sqft of living space, it offers above-average roominess for the desirable Waverley Heights neighborhood, while the nearly 6,000 sqft lot provides ample outdoor space.

The primary appeal lies in its strong neighborhood standing and value proposition. It ranks in the top 20% of the area for living space, offering more interior room than most nearby homes. Despite this, its assessed value is below the street average, positioning it as a potentially savvy entry into a mature, established street. This creates an opportunity for buyers seeking a home with solid fundamentals in a prime location, without paying a premium for the absolute largest property on the block.

This property would suit practical buyers looking for a ready-to-live home in a stable area, possibly young families or professionals valuing space and community. It’s also a thoughtful choice for those who appreciate being on a street with a mix of home ages, where this house stands out as one of the more recent builds. The numbers suggest you’re paying for generous interior space and location rather than an oversized lot or the highest assessment on the street.

Section 2: Frequently Asked Questions

1. Is this house a good value compared to others on the street?
The data suggests it could be. While offering more living space than the neighborhood average, its assessed value is below the street average. This may indicate a favorable value relative to its immediate neighbors, though final market price will depend on condition and updates.

2. What does the 1976 build year mean for maintenance?
Being one of the newer homes on the street (top 8%) is generally positive, as major systems like plumbing, electrical, or the roof may be from a later era. However, a 1976 home will still require due diligence for era-specific items, such as original aluminum wiring or aging furnaces.

3. How does the lot size compare?
At 5,828 sqft, the lot is around average for the street, neighborhood, and city. It provides a substantial backyard but is not an exceptionally large parcel. This is typical for the area and contributes to the neighborhood's cohesive feel.

4. The living space is above neighborhood average but assessed value is average. Why?
This discrepancy can be appealing. It often means the home's usable interior space is a strong asset, while the assessed value may reflect other factors like finishes, layout, or specific market conditions. It highlights the importance of viewing the property to see how the space is configured.

5. What is the broader context of Waverley Heights as a neighborhood?
Ranking in the top 20% of the neighborhood for living space places this home in a competitive position within one of Winnipeg's established, sought-after communities. The averages indicate a neighborhood of comfortable, family-sized homes, and this property sits squarely within that desirable range.