Property Summary: 51 Lakeshore Road
Key Characteristics & Appeal
This home at 51 Lakeshore Road presents a compelling blend of space and value within Winnipeg’s Waverley Heights neighborhood. Its primary appeal lies in its generous proportions. The 1,894 sqft living area is notably above average for both the street and the wider city, offering more interior space than approximately 82% of comparable homes in the immediate area. This is complemented by a substantial 7,423 sqft lot, which ranks in the top 13% on its street, providing ample outdoor space for gardens, recreation, or expansion.
Built in 1975, the property is of a typical vintage for the street but is slightly older than many homes in the broader Waverley Heights area. From a value perspective, its current assessed value sits below the average for Lakeshore Road, suggesting a potential value opportunity for a buyer compared to neighboring properties, while being aligned with averages in the wider neighborhood and city.
This property would suit buyers who prioritize living space and lot size over a more modern build date. It’s an ideal fit for those looking for room to grow in a well-established area, or for value-conscious purchasers who see potential in a solid, spacious home and are comfortable with the maintenance or updates that can come with a house of this era.
Frequently Asked Questions
1. Is this house a good value compared to others on the street?
Based on assessed values, this property is ranked below the street average, meaning its official valuation is less than many of its direct neighbors. This could indicate a value opportunity, but it’s essential to view the home in person to understand its specific condition and features.
2. How does the lot size compare to others in Winnipeg?
The lot is 7,423 sqft, which is above average at the street, neighborhood, and city-wide levels. It provides significantly more outdoor space than most comparable properties in Winnipeg.
3. The home was built in 1975. Is that older than most in the area?
On Lakeshore Road itself, 1975 is very typical. However, within the larger Waverley Heights neighborhood, it is older than the average comparable home. This suggests the immediate street is uniformly established, while some surrounding areas may have more newer construction.
4. The living area seems large. How does it truly compare?
The living space is a key strength. It is larger than about 95% of similar homes in Waverley Heights and is also above the average for both the specific street and the entire city, indicating a genuinely spacious interior for its class.
5. What do the rankings and tiers (like "Top 5%") actually mean?
These rankings show how this property compares to similar homes in three geographic circles: its own street, the Waverley Heights neighborhood, and all of Winnipeg. A "Top 5%" rank for living area in the neighborhood, for example, means only 5% of comparable local homes have more interior space. It’s a relative measure of where the property stands in each specific category.