Property Overview: 54 Forest Lake Drive, Waverley Heights, Winnipeg

Key Characteristics & Appeal

This well-situated family home at 54 Forest Lake Drive presents a solid, above-average offering in the desirable Waverley Heights neighborhood. Built in 1976, the 1,758 sqft residence sits on a generous 7,698 sqft lot, providing ample outdoor space—a standout feature that ranks in the top 15% of the local area. While the living area is typical for its immediate street, it surpasses the averages for both the wider neighborhood and the city of Winnipeg, indicating a comfortable size.

The home’s primary appeal lies in its strong positional value. With an assessed value of $475K, it sits above the neighborhood and citywide averages, reflecting the desirability of the location. The data suggests this isn't just another house on the block; it's a property that holds its own in a competitive broader market while offering a larger-than-typical yard for the community. It would suit buyers looking for an established, spacious lot in a mature neighborhood, who value room to grow, garden, or entertain outdoors more than a newly built home. It's ideal for those seeking a balance between a home that feels proportionate to its street and one that offers tangible advantages within its wider community context.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows a nuanced picture. On its own street, the home is average in size, value, and age. However, when compared to the entire Waverley Heights neighborhood and Winnipeg, it consistently ranks above average for lot size, living area, and value. This indicates you're getting a property that outperforms many in the broader market, even if it's typical for its specific block.

2. Is the 1976 build date a concern?
The build date is average for the street but is actually newer than many homes in the wider Waverley Heights area (ranking in the top 26% for age there). This suggests the neighborhood has many older homes, making this one a relatively newer option within that established setting. Standard inspections for a home of this age are recommended.

3. What does the assessed value tell us about the listing price?
The assessed value of $475K is a municipal valuation for tax purposes, not a market price. It is useful for comparison, showing this home is valued higher than most in the city and neighborhood. The final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.

4. Who would benefit most from the large lot size?
Beyond gardeners or those seeking privacy, the lot size (in the top 12% citywide) is a long-term asset. It offers potential for future additions like a deck, shed, or pool, and typically holds appeal for families wanting safe play space. In an established neighborhood, large lots are often irreplaceable.

5. Where can I see how this property fits into the specific neighborhood?
For a detailed visual analysis, including how it compares to direct neighbors on a map by year built, size, and value, you can open the dedicated neighbourhood analysis page via the link provided.