Property Overview: 60 Lake Village Road
Key Characteristics & Appeal
This 827 sqft bungalow, built in 1977 on a 3,390 sqft lot, presents a practical and value-conscious opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its relative affordability and solid positioning within its immediate streetscape. While the home's size is below the broader neighborhood and city averages, it ranks as average for Lake Village Road itself, suggesting it fits comfortably among its direct neighbors. The assessed value follows a similar pattern: it's competitive on its own street and citywide, but notably below the Waverley Heights average. This creates a unique proposition—you gain access to a desirable neighborhood, often associated with larger, higher-value homes, at a more accessible entry point.
The property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint in a well-regarded area. It’s for those who prioritize location and community over sheer square footage, and who see potential in a home that is functionally average for its specific street but represents a value play within the wider, pricier neighborhood. A thoughtful perspective is that this home offers a chance to enter a mature, established area without the premium typically attached to its larger properties, making it a strategic purchase for budget-aware buyers targeting a strong community.
Frequently Asked Questions
1. Is this home significantly smaller than others in Waverley Heights?
Yes. With 827 sqft of living area, it ranks in the top 94% of the neighborhood, meaning it is smaller than about 94% of comparable homes in Waverley Heights, where the average is 1,239 sqft. However, it is much more in line with the scale of homes directly on Lake Village Road.
2. How does the assessed value compare?
The $304k assessment is around the city average but is below the Waverley Heights neighborhood average of ~$398k. This indicates the home is likely priced more accessibly than many in the area, relative to its size and likely features.
3. What does the "Year Built" ranking mean?
Built in 1977, it is newer than most on its street (ranking in the top 12%), and is average for the neighborhood and city. This suggests it's a relatively standard build for its era in Winnipeg, with potential for updates common to homes of that age.
4. Is the lot size a drawback?
The 3,390 sqft lot is smaller than both the neighborhood and city averages. On Lake Village Road, it's closer to average. This means smaller outdoor maintenance, which could be a benefit for some, but offers less private space than is typical for the wider area.
5. Who would this property suit best?
It's ideal for buyers seeking an affordable entry into the Waverley Heights community, who are comfortable with a compact, efficient layout. It may also appeal to those looking for a lower-maintenance property (both indoors and out) compared to the larger homes that define the neighborhood's averages.