Property Overview: 511 Waverley Street, Central River Heights
Key Characteristics & Buyer Profile
This two-storey home, built in 1950, presents a practical opportunity in the sought-after Central River Heights neighbourhood. Its primary appeal lies in its balance of a central location and a manageable scale. The home features 1,350 sqft of living space and sits on a 5,096 sqft lot, which is slightly below average for the immediate street but typical for the wider area. A key updated feature is the renovated basement, adding valuable finished space. The property includes a detached garage.
The home’s metrics suggest it is a solid, mid-tier property rather than a standout in size or assessed value. This translates to a more accessible price point within a desirable community. It would suit first-time buyers or downsizers seeking established neighbourhood character without the premium for a larger lot or a fully modernized home. The renovated basement also makes it a fit for those who need flexible space for a home office, family room, or guests, but don't want a renovation project. A thoughtful perspective is that while the lot is not the largest on the block, it offers ample outdoor space for gardening or recreation without the upkeep burden of a massive yard.
Frequently Asked Questions
1. How does the lot size compare?
The lot of 5,096 sqft is below the average for Waverley Street itself but is very close to the average for both Central River Heights and the city of Winnipeg overall. It provides a standard urban yard.
2. Is the home newer or older than most in the area?
Built in 1950, it is newer than many homes on its street but is slightly older than the average home in Central River Heights and significantly older than the Winnipeg citywide average. It is a classic post-war build.
3. What does the assessed value indicate?
The assessed value is below average for both the street and the neighbourhood, which often correlates with a more moderate sale price. This can represent a value entry point into the area.
4. What is the living space like?
At 1,350 sqft, the living area is near the citywide average. It is smaller than the average for Waverley Street but comparable to many homes in Central River Heights, indicating a comfortable but not expansive floor plan.
5. Was the basement renovation permitted?
The listing notes a renovated basement, but specific details on permits and the quality of finishes are not provided here. This is a key question for a home inspection and discussion with the seller.