Property Overview: 564 Waverley Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, classic one-storey home in the sought-after Central River Heights neighborhood. Built in 1951, it sits on a generous 6,465 sqft lot that is notably larger than most in Winnipeg and ranks in the top 10% for lot size within the neighborhood itself. The home’s 1,479 sqft living area is comfortably above the neighborhood average, offering more interior space than many nearby properties. Key features include a renovated basement and a detached garage.
The primary appeal lies in its location and land. The lot size presents a significant opportunity for gardening, expansion, or simply enjoying ample private outdoor space—a relative rarity in established central neighborhoods. While the house itself is of average age for the street, its above-average living area and updated basement suggest a home that has been maintained and improved. It would suit a buyer looking for a character home in a prime area who values a larger yard over a brand-new build. It’s also a strong candidate for those with future renovation or expansion plans, given the substantial lot.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s last sale price in 2020 was $480k, which was above average for Winnipeg and the Central River Heights neighborhood at that time. Its assessed value is also above average for the city, aligning with the desirability of the location and lot size.
2. Is the lot size typical for the street?
The lot is around the average size for Waverley Street itself but is considered above average when compared to the broader Central River Heights neighborhood and the city as a whole. You are getting a larger-than-typical yard for the area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. We recommend inquiring about the finishes, ceiling height, permits, and whether it includes a bathroom or legal secondary suite potential.
4. What are the implications of the home’s age (1951)?
The home is older than the Winnipeg city average. This typically means character and established landscaping, but buyers should ensure thorough inspections for the roof, wiring, plumbing, and insulation to understand any upcoming maintenance or modernization needs.
5. How does the living space feel for a one-storey layout?
With 1,479 sqft, the living area is larger than many similar neighborhood homes. This suggests a potentially more spacious bungalow layout, but the actual room sizes and flow should be verified with a viewing or floor plan.