Property Overview: 43 Lakeshore Road, Waverley Heights
Section 1: Key Characteristics & Appeal
This home stands out for its substantial scale and premium positioning within the established Waverley Heights neighborhood. Its primary appeal lies in offering significantly more space—both indoors and outdoors—than is typical for the area. With 2,455 sqft of living area on an 11,274 sqft lot, it ranks in the top 5% of its own street and the top 2% of the wider neighborhood for size. This creates rare potential for privacy, expansion, or outdoor living in a coveted location.
The property is suited for buyers who value space and established prestige over a brand-new build. It’s an ideal fit for:
- Growing or multi-generational families seeking ample room in a top-tier neighborhood.
- Buyers looking for a "land bank" property where the lot itself represents a long-term asset.
- Those who appreciate an older home (built 1978) with proven, enduring value in an elite enclave, as evidenced by its assessed value ranking well above area averages.
A less obvious perspective is that this home represents a stable, high-caliber asset within its immediate micro-market (Lakeshore Road), where it consistently ranks at the very top for key metrics. It offers a chance to own one of the largest properties on one of the best streets in the area.
Section 2: Frequently Asked Questions
1. Is the home’s assessed value a reliable indicator of its market price?
The assessed value of $581k is a strong benchmark, ranking in the top 5% on its street and top 2% in the neighborhood. It reflects the property’s premium characteristics but is primarily for municipal tax purposes. The final market price will be determined by current conditions, the home’s specific condition, and buyer demand.
2. Given the home was built in 1978, should I expect significant maintenance?
As a home from the late 1970s, a thorough inspection is essential. While the year built is newer than most on its street, key systems like the roof, windows, plumbing, and electrical may be nearing or past their typical lifespan and should be carefully evaluated.
3. What does the large lot size actually mean for me?
At nearly double the street average, the 11,274 sqft lot provides exceptional outdoor space. This allows for possibilities like a large garden, pool, addition, or detached structure (subject to bylaws), which are not feasible on most other properties in the area.
4. The home ranks "Around Average" city-wide for year built. Is that a concern?
Not for this property type. This city-wide ranking includes all home types across Winnipeg. The more relevant data is that on its own prestigious street (Lakeshore Road), it ranks #1, meaning it is actually the newest among its direct, high-value peers.
5. How does this property compare to others nearby?
The provided data shows it is a standout. You can visually compare it to nearby houses in terms of year built, size, value, and lot size by using the link below to open the detailed neighborhood analysis map.