Property Overview: 19 East Lake Drive, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-maintained 1,152 sqft bungalow, built in 1978, presents a compelling case for value and comfort on a quiet street. Its primary appeal lies in its efficient use of space and its position within a desirable neighborhood. The living area is notably above average for East Lake Drive itself, suggesting a home that feels more spacious than many on its immediate block. While the lot size is compact compared to the broader neighborhood and city, this translates to lower maintenance and a manageable outdoor space.

The property’s assessed value is a key highlight. It sits significantly below the Waverley Heights neighborhood average, offering a more accessible entry point into the area. This creates a smart value proposition: you acquire a home with above-average interior space for its street, in an established neighborhood, without the typical premium. It would suit first-time buyers seeking a foothold in a mature community, downsizers looking for a comfortable, low-maintenance bungalow, or pragmatic investors attracted by the below-average assessment in an otherwise higher-value area.

Section 2: Frequently Asked Questions

1. Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot requires less upkeep, which is a benefit for those not wanting extensive gardening or yard work. However, it may limit options for large additions, pools, or extensive outdoor entertaining spaces.

2. The assessed value is below the neighborhood average. Does this indicate a problem?
Not necessarily. Assessment is for taxation purposes and considers many factors, including lot size and home specifications. It often means a lower property tax bill. It can indicate the home is more modest than some larger estates in Waverley Heights, which is reflected in its accessible pricing.

3. How does the living area compare practically?
At 1,152 sqft, it is a comfortable size for a bungalow, larger than most direct neighbors. This suggests well-proportioned rooms rather than a feeling of confinement. It’s ideal for individuals, couples, or small families.

4. What does the year built (1978) mean for maintenance?
Homes from this era often have modern foundations, wiring, and plumbing standards. While any 45-year-old home will require ongoing upkeep and may have older components like windows or roof, the core structure is from a period of reliable construction techniques.

5. Who might this property not suit?
Buyers prioritizing a large, private yard for recreation or gardening may find the compact lot limiting. Those seeking a home at the very top end of the neighborhood’s market, or one with extensive square footage for a growing family, might also look for a different property profile within Waverley Heights.