Property Overview: 81 West Lake Crescent, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,152 sqft bungalow, built in 1978, presents a solid, middle-of-the-road option in a well-established neighbourhood. Its primary appeal lies in its balance and relative value within the broader market context.

• Key Characteristics: The home's living space is comfortably close to the average for its street, neighbourhood, and the entire city. It sits on a 2,894 sqft lot, which is notably smaller than most in the Waverley Heights area, but is a common size for the street itself. A standout feature is its property tax assessment of $320,000, which is significantly below the neighbourhood average. This suggests the home may offer a lower property tax burden compared to many surrounding properties, a tangible financial advantage.
• Where Its Appeal Lies: This property is not an extreme in any category—it’s not the largest, newest, or highest assessed. Instead, it offers predictability and a manageable scale. The below-average tax assessment for the area is a compelling, less obvious benefit that can translate to long-term savings. Its ranking data indicates it’s a very typical home for West Lake Crescent itself, meaning it fits right in on its block.
• Ideal Buyer Profile: This home would suit first-time buyers or downsizers looking for a manageable property without the upkeep of a large yard. It’s also a practical choice for value-conscious buyers who prioritize lower ongoing carrying costs (like property taxes) over having a vast lot. It’s for someone seeking a grounded, no-surprises home in a mature community.

Section 2: Frequently Asked Questions

1. How does the property tax assessment compare to nearby homes?
The home's assessed value for taxes is $320,000, which is close to the average for its immediate street but is notably lower than the Waverley Heights neighbourhood average of approximately $398,000. This could result in proportionally lower property tax bills.

2. Is the lot size a concern?
At 2,894 sqft, the lot is smaller than about 93% of properties in Waverley Heights. However, it is much more typical for West Lake Crescent itself. This means less yard maintenance but also less private outdoor space than many area homes.

3. How does the living space feel for a family?
With 1,152 sqft of living area, the home is very close to the city-wide average for comparable properties. It provides standard-sized rooms suitable for a small family or couple, aligning with common expectations for a bungalow of this era.

4. What does the build year (1978) imply?
Built in 1978, this home is newer than about 82% of comparable homes in its neighbourhood, indicating the area is well-established. Buyers should budget for updates common to houses of this age, such as windows, roofing, or mechanical systems, while benefiting from a potentially more modern layout than older stock.

5. What is the biggest takeaway from all this ranking data?
The data consistently shows this property is a very average, representative home on its own street. Its most significant deviation is its lower tax assessment within the wider neighbourhood, which is a key financial consideration. It’s a property defined more by its fit and value than by standout size or newness.