Property Overview: 23 Lakedale Place, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling opportunity defined by its exceptional outdoor space and solid, average positioning in other key metrics. Built in 1977, the house itself is typical for its street and neighborhood in terms of size (1,237 sqft) and municipal assessment value. Its true standout feature is the land: a 12,656 sqft lot that ranks in the top 9% on its street, the top 1% within Waverley Heights, and the top 3% city-wide. This offers rare potential for gardening, expansion, or simply enjoying generous private outdoor space—a significant advantage in an urban setting.

The appeal lies in this balance. The living space and valuation are comfortably in line with local averages, suggesting a manageable scale and tax burden for the area. Meanwhile, the premium lot size provides a tangible asset and future flexibility that many comparable properties lack. It would suit a buyer who values space and potential over a brand-new build—perhaps a family seeking room for children and pets to play, a hobbyist gardener, or someone thinking long-term about the possibility of a future addition. It’s a property where the land tells a more promising story than the structure, offering a foundation to build upon.

Section 2: Frequently Asked Questions

1. Is the house smaller than average?
The living area is very close to the neighborhood average (1,237 sqft vs. 1,239 sqft) and slightly below the city average. It provides standard family living space, with the notable trade-off being the much larger-than-average yard.

2. What does the assessment value ranking mean for property taxes?
The municipal assessment is above the city average but near the average for both its immediate street and the Waverley Heights community. This typically indicates that your property taxes will be reasonably in line with what other homeowners in this specific area are paying.

3. Is a 1977-built home considered old?
For its specific street, it ranks as newer than most (top 11%). Within the broader context of Winnipeg, where the average home was built in 1966, this property is actually slightly newer than the city-wide norm. Key considerations would be the home’s specific maintenance history and updates.

4. How significant is the lot size advantage?
It is the property's most distinctive feature. The lot is over 50% larger than the average on its street and more than double the average lot size in Waverley Heights. This provides exceptional privacy and space uncommon for the community.

5. How should I interpret these rankings?
They are a tool for contextual comparison. They show that while the house itself is competitively average for the area, the land it sits on is a premier asset. It suggests you are buying into a standard home footprint but with an outsized and valuable piece of property.