Property Summary: 63 Lakeshore Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Lakeshore Road presents a compelling mix of established value and relative modernity within its context. Its key appeal lies in its strong positioning above neighborhood and city averages for assessed value and land area, suggesting a solid investment in a desirable location. Built in 1976, it is notably newer than most homes on its own street and is on par with the citywide average, which may indicate updated infrastructure compared to older peers.
The living space (1,210 sqft) is more compact than the street average but aligns closely with the neighborhood and city norms, offering efficient and manageable space. The lot size is a significant asset, providing above-average outdoor space relative to both the wider neighborhood and the city—a valuable feature for privacy, gardening, or expansion.
This property would suit practical buyers who prioritize land value and location over sheer interior size. It’s ideal for those looking for an established, mature setting where the property itself holds stronger assessed value than many surrounding homes. It would also appeal to buyers who appreciate a home that is newer than its immediate street companions, potentially offering a balance of classic neighborhood charm with somewhat more contemporary construction.
Section 2: Frequently Asked Questions
1. Is the living area smaller than other homes on the street?
Yes. At 1,210 sqft, the home's living area is below the street average of 1,524 sqft. However, it is very close to the average for both the wider Waverley Heights neighborhood and the City of Winnipeg, indicating its size is typical for the broader market.
2. What does the "above average" assessed value mean?
The home's assessed value of $467k is higher than the average for both the neighborhood and the city. This generally reflects the municipality's view that the property holds greater value, often due to factors like its location, lot size, and condition, compared to many other similar homes in the area.
3. How does the year built affect this property?
Built in 1976, the home is newer than most on Lakeshore Road itself (ranking in the top 8% for the street). This could suggest advantages like updated wiring or plumbing compared to older neighboring houses. It is slightly older than the Waverley Heights neighborhood average but newer than the citywide average for comparable homes.
4. Is the lot size a significant feature?
Yes. The lot of 6,651 sqft is larger than the average lot in both the wider neighborhood and across Winnipeg. This provides more private outdoor space than many comparable properties, which is a permanent and desirable asset.
5. Who would this home suit best?
This home is an excellent fit for buyers who value a substantial lot and a strong value assessment in an established area. It suits those who prefer efficient, manageable living space without sacrificing outdoor potential. It may be less ideal for those seeking the largest interior square footage on the block.