Property Overview
This well-situated home at 18 Lakepointe Road in Waverley Heights presents a compelling blend of established character and relative value. Built in 1978, its construction date is notably newer than most on its street and in the wider area. With 1,120 sqft of living space, it offers a practical footprint that aligns with neighborhood averages, making it a manageable size for everyday living.
The appeal here lies in its position as a solid, updated entry in a mature neighborhood. Its assessed value is below the street average, which could signal an opportunity for a buyer looking for a home with potential in a settled area without paying a premium for its immediate location. The lot, while smaller than others on Lakepointe Road, is consistent with broader area norms and offers lower maintenance.
This property would suit first-time buyers or downsizers seeking a turn-key home in a convenient Winnipeg neighborhood. It’s also a pragmatic choice for an investor or buyer who values the stability of a home that is newer than its direct neighbors and isn’t chasing maximum square footage, preferring instead a sensible layout and modernized infrastructure for its age.
Frequently Asked Questions
Is this house significantly smaller than its neighbors?
Not in the broader context. While the lot is smaller than others on Lakepointe Road specifically, the living area is very close to the street average (1,120 sqft vs. 1,169 sqft) and is typical for both the Waverley Heights neighborhood and Winnipeg overall.
Why is the assessed value lower than the street average?
The assessed value of $386k is below the Lakepointe Road average of $404k. This can be influenced by several factors, including the smaller lot size and the specific interior condition or features relative to nearby homes. It often indicates a potentially more accessible price point on a desirable street.
What does it mean that the year built is "Elite" on its street?
With a 1978 build date ranking #1 out of 21 on the street, this home is the newest or among the very newest in its immediate peer group. This suggests potentially newer major systems (like plumbing, electrical, or foundation) compared to neighbors, which can mean fewer immediate updates and modern construction standards.
Is the smaller lot a major drawback?
That depends on your priorities. The 5,400 sqft lot requires less upkeep than larger yards on the street, which is an advantage for those seeking low-maintenance living. For gardening or extensive outdoor space, it may feel limited. It is, however, very much in line with typical lots across the city.
How should I interpret these "Around Average" rankings?
For living area, value, and lot size at the neighborhood and city level, "Around Average" indicates this is a typical home for Winnipeg. There are no extreme outliers in size or price, which speaks to its broad marketability and alignment with common expectations for a family home.