Property Overview
This two-storey home on Waverley Street in Central River Heights presents a balanced offering in a well-regarded neighbourhood. Built in 1950, its key characteristic is a recently renovated basement, adding modern living space to the classic layout. With 1,551 sqft of living area, the home is notably more spacious than many others in the immediate area and across Winnipeg. The lot size of 5,556 sqft is typical for the street but offers decent outdoor space for the neighbourhood. A detached garage provides additional storage or parking.
The appeal lies in its move-in readiness with a finished lower level, combined with the established charm and convenience of River Heights. It suits practical buyers looking for a solid, updated home without the premium of a new build, and who value being in a central location with larger-than-average interior space for the area. A thoughtful perspective is that while the home is older, its above-average living area and renovated basement suggest it has been maintained and adapted for contemporary use, offering more room than many newer infill properties in the city.
Frequently Asked Questions
1. How does the lot size compare to others?
The land is a standard size for Waverley Street but is slightly below the average lot size for the broader Central River Heights area. It provides a typical urban yard for the location.
2. Is the living space considered large for Winnipeg?
Yes. The living area ranks above average both for the neighbourhood and city-wide, meaning you get more interior space than in many comparable Winnipeg homes.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and scope of the work.
4. Why is the assessed value significantly different from the recent sale price?
The assessed value is for municipal tax purposes and often lags behind market trends. The recent sale price of $57,600k is a more accurate reflection of its current market value.
5. How does the age of the home affect its value?
Built in 1950, it is older than many homes in the city. However, its above-average living area and updates like the renovated basement show it has been adapted over time. Buyers should focus on the condition of major aging components like the roof, windows, and plumbing.