Property Overview: 116 Lake Village Road, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 1977-built home on Lake Village Road presents a practical and competitively positioned offering in the Waverley Heights neighborhood. With 920 square feet of living space and a 3,721 sqft lot, its scale is very typical for its own street but sits below the broader neighborhood and city averages for size. This creates a specific dynamic: you are purchasing a home that fits seamlessly into its immediate streetscape, often a plus for streetscape consistency and fairness in property tax assessment relative to direct neighbors.
The appeal lies in its solid, no-surprises foundation within a desirable area. The assessed value of $314K is aligned with the street average and sits below the Waverley Heights average, suggesting a potentially more accessible entry point into the neighborhood. The home’s year of construction is actually above average for the street, indicating it may be among the more recently built homes in this particular section.
This property would suit first-time buyers or downsizers seeking a manageable footprint in a well-established area without overextending financially. It’s for the buyer who values neighborhood character over sheer square footage, and who sees the benefit of a home that compares directly to its neighbors rather than standing out. The data suggests a "right-sized" home for its specific location, offering the Waverley Heights address with proportional utility costs and maintenance responsibilities.
Frequently Asked Questions
Q: How does this home’s size compare to others nearby?
A: At 920 sqft, the living area is very close to the average (936 sqft) for Lake Village Road itself. However, it is smaller than the overall neighborhood average. This means it fits right in on its street but is a more compact option within the wider Waverley Heights area.
Q: Is the assessed value fair for the neighborhood?
A: The assessed value is around the average for the street but below the average for Waverley Heights as a whole. This can indicate a relatively favorable valuation for the area, potentially translating to a lower property tax burden than some larger homes in the same neighborhood.
Q: What does the "year built" ranking tell me?
A: Ranked in the top 12% on its street, this 1977 home is among the newer homes on Lake Village Road. This suggests potentially newer infrastructure or updates compared to immediate neighbors, though a full inspection is always recommended.
Q: Is the lot size a disadvantage?
A: The lot is slightly below the street average and more notably below the neighborhood average. This means less yard to maintain, which could be an advantage for some, but less private outdoor space than many area homes. It reflects the more compact nature of this property.
Q: How should I interpret these rankings when considering this home?
A: The data shows this is a home that aligns closely with its immediate surroundings on Lake Village Road. The key perspective is that you are buying into the neighborhood at a scale typical for this specific street, which often results in proportionate costs and a consistent community feel. It’s a strategic choice for neighborhood access over maximum space.