Property Overview

This home at 50 Lake Lindero Road presents a compelling opportunity defined by its exceptional lot and premium positioning within its neighborhood. While its 1,820 sqft living space is typical for its immediate street, the property's true distinction lies in its expansive 11,218 sqft land parcel, which ranks in the top 4% city-wide and offers significant outdoor potential. Built in 1978, its age is consistent with the area's established character. The property's assessed value of $609,000 is a key indicator, placing it in the top 6% on its street and the top 1% within the Waverley Heights community, signaling a premium valuation above local averages.

Key Characteristics & Appeal

The primary appeal of this property is its land. The lot size is substantially larger than both community and city averages, offering rare space for gardens, recreation, or future expansion in a mature area. Its high assessed value, while leading to a correspondingly higher property tax burden, strongly suggests desirable attributes not fully captured by the basic metrics—possibly including location, finishes, views, or unique features that justify its top-tier valuation for the area.

This home would suit a buyer who values land size and established neighborhood prestige over brand-new construction. It’s ideal for someone looking for a generous outdoor space within the city or who understands the value of owning one of the most highly assessed properties in a sought-after community. It may also appeal to a buyer with a vision to update or expand a solidly built 1970s home on a premier lot.

Frequently Asked Questions

1. Why is the assessed value so much higher than the area average?
The assessment places this property in the top 1% of its community, indicating it is considered significantly more valuable than most nearby homes. This is likely due to a combination of its very large lot, specific location on the street, and potentially above-average home condition, materials, or improvements.

2. Is the living space smaller than average?
Within its immediate street, the living area is close to the average. However, compared to the broader Waverley Heights community and the city of Winnipeg overall, the home's living space is actually above average. The perception depends on the comparison point.

3. What does the lot size ranking mean for me?
Ranking in the top 3-4% for lot size across multiple scales means you are getting an unusually large parcel of land for the area. This provides more privacy, space for outdoor activities, and potential for additions like a shed, pool, or extensive landscaping that wouldn't be possible on a standard lot.

4. The home was built in 1978. Should I be concerned about major updates?
The build year is typical for the street and neighborhood. While systems like the roof, windows, furnace, and electrical may be due for updates or have been partially updated, the consistent age of homes in the area suggests the community itself is well-established and mature, which can be a stable investment.

5. How should I interpret the different rankings for street, community, and city?
They show how the property stacks up in different contexts. For example, its lot is exceptional at every level. Its living space is standard on its street but spacious for the wider area. This layered analysis helps identify whether a feature is truly standout or simply in line with its immediate surroundings.