Property Overview
This home at 74 Lake Village Road presents a practical and efficient living option in the Waverley Heights neighborhood. Its key appeal lies in offering a well-maintained, average-sized home for its immediate street, but at a value-oriented price point relative to its broader community and the city of Winnipeg.
Key Characteristics & Ideal Buyer
The 827 sqft residence, built in 1977, is notably well-kept for its age, ranking newer than 88% of homes on its own street. Its living space is typical for Lake Village Road but is more compact compared to the larger average homes in the Waverley Heights area. This creates a specific value proposition: the property’s tax-assessed value is very close to the street average but sits significantly below the community average, suggesting a potentially lower entry cost into the neighborhood.
The lot size is modest, especially within the context of the community, which translates to less exterior maintenance—a point of appeal for those seeking a manageable yard. This home would suit first-time buyers or downsizers looking for a solid, move-in-ready property in a established area without paying a premium for excess square footage or land. It’s for the pragmatic buyer who prioritizes location and condition over sheer size, seeing the smaller lot and efficient floor plan as features that reduce ongoing upkeep and costs.
Frequently Asked Questions
1. How does the property’s value compare to the neighborhood?
The tax assessment is notably below the Waverley Heights community average, positioning this home as a more affordable option within the area. This could indicate good value, but it’s essential to view the interior condition and updates to understand the full picture.
2. Is the house unusually small?
Not for its specific street. The living space is very close to the average for Lake Village Road. However, it is smaller than the typical home in the wider Waverley Heights community, which generally features larger properties.
3. What does the 1977 build year mean for maintenance?
While older, the home ranks in the top 12% for its street based on build year, indicating it is one of the newer homes on the block. This suggests a well-maintained street but also that major components like the roof, windows, or mechanical systems may be due for inspection or updates based on their service life.
4. How much yard work can be expected?
The lot is under 3,100 sqft, which is smaller than most in the community. This is a advantage for those wanting minimal landscaping and yard maintenance, but may not suit buyers looking for extensive outdoor space or privacy.
5. Are property taxes likely to be high here?
The assessed value for taxes is below both the community and city averages, which is a positive indicator for relatively lower tax bills. However, final taxes depend on the municipal mill rate and any changes after a sale.