Property Overview: 75 Lakeshore Road, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Lakeshore Road in Waverley Heights presents a compelling mix of established value and solid fundamentals. Built in 1975, the house itself is slightly smaller than others on its street at 1,191 sqft, but it sits on a generous, above-average lot of 6,638 sqft for the neighborhood, offering valuable outdoor space and potential.
The primary appeal lies in its strong and consistent assessed value, which is notably above average at every level—street, neighborhood, and city-wide. This suggests the property is recognized for its desirable location, lot, or a combination of factors that outpace its living square footage. It’s a property that trades some interior size for a premium position and land.
This home would suit a practical buyer who values a stable investment in a mature area over sheer square footage. It’s ideal for someone looking for a manageable-sized home with a larger yard, or an investor attracted by its robust assessment history. It may also appeal to a buyer who sees potential in the lot size for future expansion or landscaping, viewing the smaller living area as a canvas rather than a limitation.
Section 2: Frequently Asked Questions
1. Is the living area considered small for the area?
Yes, the home is below the average size for Lakeshore Road itself. However, its living area is much more in line with the broader Waverley Heights neighborhood and city-wide averages, making it a typically sized home for Winnipeg, just on a street with larger-than-average houses.
2. Why is the assessed value so high relative to the home's size?
The assessed value is consistently above average, indicating that factors beyond pure square footage are heavily weighted. This is likely due to its premium lot size within the neighborhood, its location on Lakeshore Road, and the overall desirability of the Waverley Heights area.
3. What does the "Top 7%" neighborhood ranking for assessed value mean?
This means that, compared to similar homes in Waverley Heights, this property’s assessed value is higher than 93% of them. It’s a strong indicator of the property’s perceived market position within its immediate community.
4. Is a 1975 build date a concern?
The year built is typical for the street and city-wide. While it’s an older home that will require due diligence during inspection for systems, roof, and windows, its age is not an outlier. The slightly older build date compared to the neighborhood average is a minor point.
5. How should I interpret the different rankings for land area?
The lot is a standout feature. While it’s average for Lakeshore Road (where lots are generally large), it ranks well above average for both the wider neighborhood and the entire city. This confirms you are getting a larger-than-typical yard for Winnipeg, which is a key asset of this property.