36 West Lake Crescent

Property Overview

This home at 36 West Lake Crescent presents a distinct profile defined by its strong value positioning and efficient layout. Its appeal lies not in sheer size, but in a balanced offering that prioritizes lot size and tax assessment value within its immediate neighborhood. Built in 1979, it is a well-maintained property for its era.

Key Characteristics & Ideal Buyer

The property’s 828 sqft living space is notably below the average for its street, community, and the city of Winnipeg. This indicates a compact, efficiently designed home, likely suited for individuals, couples, or small families who prioritize manageable space and lower utility costs. The standout feature is its generous 4,355 sqft lot, which is larger than most on West Lake Crescent, offering valuable outdoor space and potential.

Its strongest financial advantage is the property tax assessment. Valued at $350,000 for tax purposes, it ranks in the top 4% on its street—significantly higher than the street average. This suggests the municipality recognizes substantial value here, which, while leading to a proportionately higher tax bill, often correlates with strong resale value and desirability within the micro-market of the street itself.

This home would best suit a value-conscious buyer who understands local dynamics. It’s ideal for someone looking for a solid entry into the established Waverley Heights community, who values a larger yard over a larger house, and who interprets the high street-level tax assessment as a sign of underlying property worth rather than just an expense.

Frequently Asked Questions

1. Is the living space too small?
At 828 sqft, the home is compact. It’s significantly smaller than averages for the area, so it’s best for those comfortable with efficient living. The trade-off is a larger-than-average lot for the street.

2. Why is the tax assessment so high compared to the street average?
Ranking in the top 4% on the street at $350,000, this high assessment suggests the municipal evaluator sees exceptional value in this specific property relative to its neighbors, potentially due to lot size, condition, or improvements.

3. How does the lot size compare?
The 4,355 sqft lot is a key asset, ranking in the top 15% on West Lake Crescent. It provides more outdoor space than most nearby properties, which is a significant advantage.

4. Is a 1979-built home a concern?
The build year is typical for the area. Its ranking shows it is among the newer homes on its street. A thorough inspection is always recommended to understand the condition of major systems and any updates.

5. What does the ranking data actually tell me?
The rankings compare this home against others on its street, in Waverley Heights, and across Winnipeg. They highlight where it excels (lot size, tax value on its street) and where it is modest (living space), providing a clear, relative snapshot beyond just the raw numbers.