Property Overview: 30 Lakeside Drive

Key Characteristics & Appeal

This 1,040 sqft bungalow, built in 1977 on a 6,047 sqft lot, presents a compelling value proposition within Winnipeg’s Waverley Heights neighborhood. Its primary appeal lies in its relative affordability and efficient scale. With an assessed value of $379k, it sits well below the street average on desirable Lakeside Drive, offering a more accessible entry point to a mature, established street. The home’s living area is compact compared to its immediate neighbors, which suggests a more manageable property for upkeep and lower utility costs.

The property suits first-time buyers, downsizers, or value-focused investors seeking a solid location without the premium price tag of the larger homes that define the street. A thoughtful perspective is that while the house itself is modest for the area, the lot size is generous city-wide, offering potential for future expansion or outdoor enjoyment—a trade-off that prioritizes land over finished living space. It’s a home for those who value location and lot potential, and are comfortable with a footprint that is efficient rather than expansive.

Frequently Asked Questions

1. Is this the smallest house on the street?
Essentially, yes. The data ranks it 32nd out of 35 for living area on Lakeside Drive, meaning it is among the most compact homes on the block.

2. Why is the assessed value so much lower than the street average?
The assessed value reflects the home’s smaller size and older construction relative to the other, typically larger and more recently updated homes on this specific street. It represents a value position within a high-demand location.

3. What does the "above average" year built ranking mean?
Ranked 8th out of 35 on the street, this home is newer than most of its direct neighbors. The street average year built is 1977, so this property is right at that benchmark but ranks highly because many homes on the street are older.

4. Is the lot size a positive?
It depends on your priorities. The lot is smaller than others on Lakeside Drive but is actually above the city-wide average. It provides a good private outdoor space that is manageable to maintain.

5. How does it compare to the wider neighborhood and city?
In the broader Waverley Heights area and Winnipeg overall, this home is much more aligned with the averages for size, value, and age. Its most distinctive characteristics—being smaller and more affordable—are primarily in comparison to its own immediate street.