Property Overview: 59 Lake Village Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 59 Lake Village Road presents a compelling mix of established community living and relative value. Built in 1977, its construction year is newer than most on its street and aligns with the neighbourhood average, suggesting a period of reliable build quality. With 900 sqft of living space, it offers a manageable footprint that is very typical for Lake Village Road itself, though more compact compared to the broader Waverley Heights area and the city overall. This makes it an efficient layout, likely suited for smaller households.
The property’s standout feature is its tax-assessed value of $317,000. It ranks significantly above the street average, indicating it is perceived as a higher-value home within its immediate micro-area. However, this assessment sits below the averages for both Waverley Heights and Winnipeg, positioning it as a potentially more accessible entry point into a desirable community. The lot size of 4,136 sqft follows a similar pattern: it’s on par with its street but smaller than the neighbourhood norm, offering lower maintenance without sacrificing private outdoor space.
This home’s appeal lies in its balance. It suits first-time buyers or downsizers seeking a well-located, lower-maintenance property without the premium often attached to larger lots and homes in the area. It’s a practical choice for someone who values the Waverley Heights address and a home that is newer than many in the city, but prioritizes financial efficiency and a manageable scale over maximum square footage. A thoughtful perspective is that its above-street-average assessment on a standard-sized lot could signal better-than-average finishes or condition for the row, making it a smart comparative buy within its most direct competitive set.
Section 2: Frequently Asked Questions
1. Is the living space too small compared to the neighbourhood?
While the 900 sqft is below the Waverley Heights average, it is almost exactly the average for Lake Village Road itself. This means the home’s size is typical and functional for its specific street, which may consist of similar, efficient housing styles.
2. Why is the tax assessment high for the street but lower for the area?
The assessment suggests this property is valued highly among its immediate neighbours on Lake Village Road, possibly due to updates, condition, or specific attributes. The lower ranking versus the wider area reflects that Waverley Heights as a whole contains many larger, higher-value homes, making this a more moderately priced option within the community.
3. What does the 1977 build year imply?
Homes from this era often benefit from modernized electrical systems and insulation compared to much older stock, while still featuring established neighbourhoods and mature landscaping. It’s a solid, middle-ground vintage that avoids the very newest premiums and the potential upkeep of century-old properties.
4. Is the lot size a disadvantage?
At over 4,000 sqft, the lot provides ample yard space for gardening or recreation. While it’s smaller than the neighbourhood average, it also means less time and cost spent on maintenance—a feature many buyers actively seek.
5. How should I interpret these rankings?
The rankings show how this property stacks up in different circles. It’s most competitive on its own street (especially in value and build year), which is often a buyer’s most direct comparison. Its position in the broader context shows it offers a way to live in Waverley Heights with a smaller footprint and a correspondingly more accessible price point.