Property Overview

This home at 200 Lake Village Road presents a compelling proposition rooted in its specific context. Its appeal is less about standing out in the broader market and more about offering solid, above-average attributes within its immediate streetscape. The data suggests a property that is well-maintained and proportionately valued for its location.

Key Characteristics & Ideal Buyer

The home’s primary strengths are clear when compared directly to its neighbours on Lake Village Road. With 1,080 sqft of living space, it is notably larger than the street average (936 sqft), and its lot size of 4,758 sqft is among the top 11% on the street. Built in 1977, it is also slightly newer than many immediate counterparts. This creates a valuable dynamic: you get more house and land relative to your direct neighbours, while the assessed value remains aligned with the street's average.

The appeal lies in this local outperformance. It’s a home that likely feels spacious and private for its setting. Financially, it sits in a sweet spot—its valuation is significantly below the wider Waverley Heights neighbourhood average, which could indicate a more accessible entry point into the area without sacrificing the perks of the location.

This property would suit a practical buyer who values space and established communities over brand-new construction. It’s ideal for someone looking for a comfortable, long-term home in a mature neighbourhood, where the property itself offers more substance than others on the block. It may also attract value-conscious buyers who recognize the advantage of a lower assessment within a desirable neighbourhood.

Frequently Asked Questions

1. Is this house a good value compared to others in Waverley Heights?
The data suggests it is. With an assessed value of $314k, it sits well below the neighbourhood average of ~$398k. This could mean a more affordable tax base and potential value relative to other area homes.

2. The living area is above average for the street but average for the city. What does that mean for daily life?
It means the home likely feels roomy and well-proportioned within its own community context. You’re getting more interior space than most of your immediate neighbours, which is often more perceptible day-to-day than city-wide comparisons.

3. The lot is large for the street but smaller than the neighbourhood average. How important is that?
It’s a key perspective. You benefit from one of the larger, more private yards on Lake Village Road itself. While some lots in Waverley Heights are bigger, this property offers superior outdoor space within its specific micro-location.

4. The home was built in 1977. What should I consider?
Being newer than most on its street is a plus, suggesting potentially updated systems or materials. However, as a late-70s build, a thorough inspection of the roof, wiring, plumbing, and insulation is always recommended to understand its current condition and any modernization needs.

5. How should I interpret the different rankings for value, size, and land?
They highlight the property’s unique position. It ranks highly for space and lot size on its street, indicating a premium offering in its direct vicinity. The lower ranking for value within the neighbourhood suggests it may be priced more accessibly than many area homes, which could be an opportunity for the right buyer.