Property Overview: 99 Lakeshore Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 99 Lakeshore Road in Waverley Heights presents a compelling proposition centered on above-average space and established value. Its primary appeal lies in its significant scale, offering nearly 2,000 sqft of living area—a size that ranks within the top tier for both the immediate street and the broader neighborhood. This is complemented by a generous lot of just under 7,000 sqft, providing ample outdoor space.

The property’s strength is its clear positional advantage within its market. With an assessed value consistently ranking above local and city averages, it represents a home that has historically outperformed its peers. While built in 1975, its age is typical for the street, suggesting a mature, established streetscape. The data indicates this isn't just a large home, but a notably substantial one within the highly regarded Waverley Heights area.

This property would best suit buyers who prioritize interior and exterior space over a newer build. It’s ideal for a growing family seeking established community roots, or for value-conscious buyers who understand that a home ranking in the top 5% of its neighborhood for size offers a rare level of accommodation. It appeals to those who see a home from the 1970s not as dated, but as a proven commodity in a prime location.

Section 2: Frequently Asked Questions

1. How does the home’s age impact its value?
While newer than the citywide average, the 1975 build is slightly older than many homes in Waverley Heights. This is reflected in its neighborhood ranking. For buyers, this often means the core structure is well-proven, but it underscores the importance of evaluating recent updates to major systems like roof, windows, and HVAC.

2. The living area ranks very high, but the lot size ranking is lower. Why?
The home excels in interior space. The lot, while above average in absolute size, is more common among the larger properties in this area. This suggests the home’s footprint or two-story design efficiently utilizes the land, prioritizing the house itself over vast, unused yard space.

3. What does the "Elite" neighborhood ranking for living area actually mean?
Ranking in the top 4% (64th out of 1,633 comparable homes) in Waverley Heights for living area is significant. It means this home offers more interior space than 96% of similar properties in one of Winnipeg’s desirable neighborhoods, a key differentiator for family living or entertaining.

4. The assessed value is high for the street. Is that a concern for property taxes?
A higher assessed value than the street average typically leads to a proportionally higher property tax bill. However, it also strongly indicates the municipality recognizes the property’s superior market position and construction value compared to its immediate neighbors.

5. Are there any less obvious insights from this data?
The consistent "above average" or "elite" rankings across street, neighborhood, and city levels show this property’s advantages are not just a fluke of its immediate block. It holds a strong position at multiple scales. Furthermore, the fact it outperforms newer neighborhood averages suggests it was a substantially built home for its era, often associated with better-quality materials and construction.