Property Summary: 26 Lakedale Place, Waverley Heights, Winnipeg

Key Characteristics & Appeal

This 1,200 sqft bungalow, built in 1977, presents a solid, middle-of-the-road opportunity in the established Waverley Heights neighborhood. Its primary appeal lies in its balance and predictability rather than standout size or premium positioning.

The home sits on a 5,285 sqft lot, which is notably smaller than others on its own street but is generally in line with the wider neighborhood and city averages. This suggests a more manageable yard with less maintenance, which could be a plus for some. The living area and assessed value ($414k) consistently rank as "around average" at every comparison level—street, neighborhood, and city-wide. This indicates the property is priced and sized squarely within the mainstream market, offering a lower risk of being overvalued relative to its surroundings.

A thoughtful perspective is its year of construction. While 1977 is not new, it ranks in the top 11% on its street, meaning it is one of the newer homes in that immediate cluster. This could imply slightly more modern construction standards or systems compared to its direct neighbors.

This property would best suit pragmatic buyers seeking an honest, no-surprises home in a mature area. It’s ideal for first-time buyers, downsizers, or investors looking for a stable, average-condition property that aligns closely with community norms, offering neither the burdens of a large estate nor the premium of a fully renovated showcase home.

Frequently Asked Questions

1. Is this property overpriced or underpriced compared to the area?
The assessed value is very close to the averages for the neighborhood and the city, and is actually slightly below the average for its own street. This suggests the asking price is likely grounded in the market reality, not inflated relative to comparable homes.

2. The lot seems smaller than others on the street. Is that a major drawback?
It depends on your priorities. While the lot is smaller than the street average, it is near the neighborhood average. This typically means less yard work and lower outdoor maintenance costs, which can be a desirable trade-off for many.

3. What does the "around average" ranking for living area mean for daily life?
With 1,200 sqft, the home provides the typical space a household would expect in this area. It’s not a sprawling layout, but it is directly comparable to the majority of homes in Waverley Heights and Winnipeg overall, indicating a functional, standard floor plan.

4. The home was built in 1977. Should I be concerned about major repairs?
The home is nearly 50 years old, so a thorough inspection is essential. However, a less obvious point is that it’s one of the newer homes on its specific street (top 11%), which may indicate that some surrounding homes have older infrastructure, potentially making this one a relatively newer option in its immediate setting.

5. How does this home's value hold up across different parts of Winnipeg?
Its assessed value ranks in the top 35% city-wide, meaning it holds a value position above the median home in Winnipeg. This indicates a stable investment in a market context, likely benefiting from its neighborhood's established reputation.