Property Summary: 71 Lakedale Place, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home stands out for its generous proportions, both in its living space and its lot. At 1,784 sqft, the living area is notably larger than most comparable homes on its street, in the Waverley Heights neighborhood, and across Winnipeg. Similarly, the 9,620 sqft lot is significantly above the neighborhood and city averages, offering substantial outdoor space.

Its primary appeal lies in this combination of ample, established interior space and a large, private yard—a profile that is increasingly rare. The property’s assessed value reflects its desirability, ranking consistently above local and city averages. A thoughtful perspective is that while the home was built in 1976, making it one of the older homes on its specific street, this often translates to mature landscaping, settled foundations, and a well-integrated presence in the community. It suits buyers looking for room to grow, entertain, or simply enjoy privacy without being remote, and who value space over a newer build. It’s an ideal fit for families, multi-generational households, or anyone who prioritizes generous indoor and outdoor living areas in a established setting.

Section 2: Frequently Asked Questions

1. Is the home outdated because it’s one of the oldest on the street?
Not necessarily. While its 1976 construction date is below the street’s average, it is very close to the neighborhood and city averages for comparable homes. This vintage often means well-proven construction and mature, established lots. The condition and any updates inside will be more important than the year alone.

2. What does the above-average assessed value mean for me?
It indicates the property is consistently valued higher than its peers, which often reflects desirable attributes like its larger size and lot. It can be a marker of stability and appeal, but for a buyer, it’s crucial to understand how municipal assessment relates to current market value and property taxes.

3. How does the large lot size benefit me practically?
Beyond privacy and space for recreation or gardening, a lot size in the top 6% of the neighborhood offers flexibility. It provides room for potential expansions like a deck, shed, or pool, and typically ensures better spacing from neighbors.

4. The home ranks highly for size and value, but lower for year built. What’s the takeaway?
This highlights the property’s core trade-off: you are acquiring significantly more physical space (both house and land) rather than a newer construction. The value is in the square footage and the land itself.

5. Are these rankings compared to similar types of homes?
Yes. All comparisons are made against “comparable homes” within each scope (street, neighborhood, city), which typically means properties of similar use and style, allowing for a fair evaluation of where this specific home stands.