Property Overview

This home at 3 Lake Green Place presents a compelling opportunity in Winnipeg's Waverley Heights neighborhood. Its primary appeal lies in offering above-average space and land size at a value-conscious point within its immediate area.

Key Characteristics & Suitability

The 1,526 sqft residence sits on a substantial 9,433 sqft lot, which is notably larger than most in both the community and the wider city. While the living space is typical for its own street, it ranks well above the averages for Waverley Heights and Winnipeg overall. Built in 1978, the home is of a vintage consistent with its local area. The municipal tax assessment of $467,000 is very close to the street average but sits above the broader neighborhood and city averages, suggesting the property is recognized for its relative standing in a desirable locale.

This property would suit buyers prioritizing generous outdoor space and a sense of established community over a brand-new build. It’s ideal for those who find value in a home that is competitive on its own street while offering clear advantages—especially in land size—within the wider community. A thoughtful perspective is that its "middle-of-the-pack" standing on its street could indicate a more stable and consistent valuation context, avoiding the extremes of being either the most modest or the most premium property on the block.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows its greatest advantage is the land size, which is in the top 7% for Waverley Heights. The living space is comfortably above the neighborhood average, while its tax assessment and build year are very representative of the local market.

2. What does the tax assessment figure tell me?
The $467,000 assessment is used for calculating property taxes. It indicates the city's valuation, which is above the Winnipeg average but aligns closely with the average for Lake Green Place itself. This often reflects the combined value of the lot, location, and home.

3. The home was built in 1978. What should I consider?
This is a standard build year for the street and neighborhood. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (like roof, plumbing, and electrical) which may be original or have been updated over time.

4. The lot is large. What are the potential benefits and responsibilities?
A lot of this size offers excellent potential for gardening, recreation, expansion, or future development (subject to zoning). The trade-off is greater responsibility for maintenance, landscaping, and potentially higher costs for yard care or fence installation.

5. Where can I get a more visual comparison with nearby homes?
For a direct, map-based comparison of this property against neighboring homes on factors like year built, size, and assessed value, you can use the dedicated "Open Surrounding Map Analysis" tool provided in the full listing details.