Property Summary: 59 Lakedale Place, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 59 Lakedale Place presents a compelling blend of space, established value, and a generous lot in the Waverley Heights neighborhood. Its 1,760 sqft living area is comfortably above average for both the neighborhood and the city, offering more room than most comparable homes. The standout feature is the 9,115 sqft land area, which places it in the top 7% of lots in Waverley Heights, providing significant outdoor potential. Built in 1977, it is newer than many city-wide comparables and is one of the newer homes on its own street.
The appeal lies in its proven, above-average investment profile and space. With an assessed value ranking consistently above local and city averages, it represents a property with established equity in a desirable area. It’s not just a home that meets neighborhood standards—it exceeds them in key metrics like lot size and living space.
This property would suit buyers looking for a home that offers both room to grow indoors and out, without venturing into custom or luxury price tiers. It’s ideal for someone who values data-backed value, seeks a larger yard for family, gardening, or future expansion, and appreciates an established home in a mature, well-ranked neighborhood.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value of $459k is a strong data point and ranks above average, market conditions, property condition, and recent renovations ultimately determine the sale price. It is best used as a benchmark of the home’s established municipal valuation.
2. What does the lot size ranking actually mean for me?
Ranking in the top 7% for land area in Waverley Heights means you are getting a lot significantly larger than the typical property in the area. This translates to more privacy, larger garden space, and greater potential for additions like a deck, shed, or pool.
3. The home was built in 1977. Should I be concerned about major updates?
A 1977 build is newer than the Winnipeg average. However, this age means core systems (roof, windows, HVAC, plumbing) may be nearing or have reached their typical lifespan. A thorough inspection is crucial to understand which major components have been updated and which may require future investment.
4. The living area is above average, but the street ranking is lower. Why?
The home is on a street where houses are generally larger (street average is 1,411 sqft). So, while its size is impressive city-wide and neighborhood-wide, it faces stiffer competition on its own block. This suggests a street of substantial, well-sized homes.
5. How does this property’s value hold up across different comparison levels?
Its strength is consistency. The assessed value and lot size are above average at the street, neighborhood, and city level. This layered appeal indicates a property that is considered a strong performer no matter how you frame the comparison, which can be a reassuring sign of stable, long-term value.