Property Overview: 567 Waverley Street, Central River Heights
Key Characteristics & Appeal
This is a well-situated, classic two-storey home built in 1950 on a standard-sized lot in the desirable Central River Heights neighborhood. Its primary appeal lies in its balance of established character and key updates, notably a renovated basement. With 1,551 sqft of living space, the home is notably roomier than many others in the area and citywide, offering above-average interior space for the location.
The property suits buyers looking for a move-in-ready home in a prime neighborhood without the premium lot size or ultra-modern build of some higher-priced entries. It’s an ideal fit for professionals, small families, or downsizers who value location, functional space, and a renovated lower level over a brand-new build or extensive yard. A thoughtful perspective: while the lot is average for the street, the above-average living area and renovated basement suggest the home’s value is driven more by its usable, updated interior space than its land footprint—a practical trade-off for many urban buyers.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area of 5,557 sqft is around the average for both Waverley Street and the broader Central River Heights neighborhood. It’s a standard city lot, not exceptionally large or small for the area.
2. Is the home older than most in the neighborhood?
Yes. Built in 1950, it is slightly newer than the average home on Waverley Street but is actually older than the typical home in Central River Heights and Winnipeg overall. This is common for this established, tree-lined neighborhood.
3. What does the "above average" living area ranking mean?
With 1,551 sqft, this home offers more interior space than approximately 77% of homes in Central River Heights and 72% of homes citywide. For the neighborhood, it provides a notably roomier footprint.
4. How current is the sale price information?
The listed sale price of $440,000 is from June 2016. This is historical data and should not be considered an indicator of current market value.
5. What is the significance of the assessed value?
The assessed value of $52,900 is for municipal tax purposes. It is not a market valuation. The historical sale price and current market conditions are the primary guides for determining today’s value.