Property Overview: 27 Lakedale Place, Waverley Heights
Key Features & Ideal Buyer
This home at 27 Lakedale Place stands out for its generous proportions and established setting. The nearly 1,800 sqft living area is notably spacious, ranking in the top quarter on its street and the top 10% within the desirable Waverley Heights neighborhood. Its most distinctive asset is the land: at over 11,700 sqft, the lot size is exceptional, placing in the top 2% of the neighborhood and top 4% citywide. This offers rare potential for privacy, gardening, expansion, or recreation.
Built in 1977, the home is among the newer properties on its street and aligns with the area's average. The assessed value sits comfortably above averages for both the neighborhood and the city, suggesting a well-regarded property in a stable market.
The appeal lies in a combination of above-average interior space and a truly premium lot size within a mature community. It would suit buyers looking for a established home with room to grow, who value outdoor space over a brand-new build. It's ideal for someone seeking a long-term home where the land itself is a key investment and lifestyle asset.
Frequently Asked Questions
1. How does this property compare to others on the street?
It holds a strong position. It has a larger-than-average living area and a significantly larger lot than most neighbors, while its assessed value is very close to the street's average. This suggests you get more physical space without a disproportionate premium in value.
2. What does the "Elite" ranking for land area mean?
This indicates the lot size is in the highest tier when compared to other homes. In Waverley Heights, only about 2% of comparable properties have a larger land area. This is the home's most statistically standout feature.
3. Is the 1977 build date a concern?
The year built is typical for the area. Being slightly newer than the street average could imply updates over time or newer construction standards for its block, but a specific inspection is always recommended to understand the condition of major systems and the roof.
4. The assessed value ranks lower than the living area and land size. Why?
Assessed value reflects many factors, including interior finishes, condition, and specific market valuations. The data suggests you are paying primarily for the substantial physical assets (space and land) rather than for ultra-high-end finishes or a recent full renovation, which could be seen as an opportunity for personalization.
5. What is the immediate neighborhood like?
The home is in Waverley Heights, a mature Winnipeg neighborhood. The rankings show that for key metrics like living area and lot size, this property performs significantly better within its neighborhood than it does citywide, indicating it's in a solid area where larger, well-sized properties are the norm.