Property Overview
This home at 47 West Lake Crescent presents a compelling mix of above-average living space within a well-established setting. Its primary appeal lies in its efficient use of a smaller lot to deliver a spacious 1,156 sqft interior, which ranks exceptionally well on its own street. Built in 1978, the house is typical for the immediate area but is notably newer than many homes in the broader Waverley Heights community. The property’s assessed value for taxes is below the community average, which could indicate a relative value opportunity or reflect the smaller land size. The lot itself is compact, significantly smaller than typical for both the neighbourhood and the city, which suggests lower maintenance but less private outdoor space.
This property would suit a buyer prioritizing interior space over yard size, such as a small family or professionals who value a larger living area without the upkeep of a big garden. It’s also a practical choice for those looking in the Waverley Heights area but seeking a point of entry with a potentially lower tax assessment than surrounding properties.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
The living area is a key strength. At 1,156 sqft, it is significantly larger than the average home on West Lake Crescent (1,040 sqft) and is ranked in the top 4% on the street. It is very close to the average for the wider Waverley Heights community.
2. Is the property tax assessment typical for the area?
The assessed value for taxes is below the average for the Waverley Heights community. While it is near the average for its specific street and the city overall, it ranks in the top 83% for the community (meaning 83% of homes have a higher assessment), which may be a positive for ongoing tax costs.
3. What should I know about the lot size?
The land area is compact at 2,534 sqft. It is smaller than most lots on the street and significantly smaller than the average for both the community and Winnipeg. This means less exterior maintenance but also limits expansive landscaping, privacy, or large outdoor additions.
4. How does the build year affect this home?
Built in 1978, the home is of a typical vintage for its immediate street and is actually newer than many homes in the Waverley Heights area, ranking in the top 18% for the community. Buyers should anticipate updates and maintenance consistent with a home of this age.
5. What do these rankings actually tell me?
They provide context against different geographic circles. For example, this home’s living space is outstanding on its street, average in its community, and slightly below average city-wide. The tax assessment is average on its street but below average in the community, highlighting how value perceptions can shift based on the comparison pool.