Property Summary: 35 Lakedale Place, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling value proposition centered on generous space and land. Its nearly 2,000 sqft of living area is notably larger than most comparable homes on its street and in the wider Waverley Heights neighborhood, ranking in the top 4% locally. The true standout, however, is the land. The lot of over 10,450 sqft is substantial, placing it in the top 5% city-wide and offering rare potential for privacy, gardening, or expansion.

The appeal lies in this combination of above-average interior space on a well-above-average lot, all at an assessed value that is below the average for its own street. This suggests a opportunity for buyers who prioritize lot size and living space over a fully modernized or high-end finish. It would particularly suit practical buyers looking for a long-term family home with room to grow, outdoor enthusiasts valuing a large private yard, or value-oriented purchasers who see potential in a property where the land itself is a premier asset.

A less obvious perspective is that its 1977 build year is actually newer than most on its street, indicating it may have more contemporary construction fundamentals than immediate neighbors, even if the style is of its era. The data suggests you are buying into a desirable street and elite neighborhood tier, but acquiring a property that sits at a more accessible entry point on that very street.

Section 2: Frequently Asked Questions

1. Is this a good value?
The data indicates it is a strong value relative to its immediate street. The home has a larger living area and lot than most neighbors, yet carries a below-average assessed value for Lakedale Place. This gap could represent an opportunity.

2. What does the lot size actually mean for me?
At over 10,000 sqft, the lot is significantly larger than the typical Winnipeg property. This translates to greater distance from neighbors, more recreational space, and notable potential for additions like a shed, patio, or even a future extension, subject to zoning.

3. The home was built in 1977. What should I consider?
While the core structure is of a certain era, it is actually newer than most on its street. Buyers should plan for standard due diligence on systems common to late-70s construction (roof, windows, plumbing, electrical) while recognizing the layout and style will reflect that period.

4. How does it rank in the neighborhood and city?
Its living space is in the elite tier for Waverley Heights (top 4%). Its lot size is in the elite tier for the entire city (top 5%). Its assessed value is around the middle of the pack for the neighborhood and city overall, reinforcing the space-for-money dynamic.

5. Who would this property not suit?
It may not suit buyers seeking a turn-key, modernized home where the premium is in high-end finishes and recent renovations. The value here is weighted toward the generous physical space and land, not a top-tier assessment value.