Property Overview: 577 Waverley Street, Central River Heights
Key Characteristics & Appeal
This two-storey home, built in 1950, presents a solid opportunity in the sought-after Central River Heights neighbourhood. Its primary appeal lies in a balanced offering of space, location, and value. With 1,551 sqft of living area, the home is notably more spacious than many others in the neighbourhood and across Winnipeg, providing ample room for a growing household or those who simply desire more interior space. The lot size of 5,570 sqft is typical for Waverley Street itself, offering a standard urban yard.
A key feature is the renovated basement, which adds valuable finished space and modern convenience without the need for immediate projects. The detached garage provides flexible storage or parking. From an investment perspective, the home’s assessed value ranks above average for both the neighbourhood and the city, suggesting a history of maintained or improved value in a stable area.
This property would suit practical buyers looking for a move-in-ready home with extra living space in a prime location. It’s ideal for young families seeking the excellent amenities and schools of River Heights, or for downsizers who want a manageable two-storey layout without compromising on room for guests or hobbies. It offers the character of an older home but with the crucial update of a finished basement already addressed.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area is around average for Waverley Street itself but is slightly below the average lot size for the broader Central River Heights neighbourhood. This is typical for many well-located urban properties, trading maximum yard space for proximity and community amenities.
2. Is the home older than others nearby?
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 city-wide average. This is characteristic of the established, tree-lined streets in this area.
3. What do the past sale prices indicate?
The home sold for $440k in 2016 and $471k in 2020. This upward trend, coupled with an assessed value that ranks above average for the area, suggests a history of steady value appreciation in line with or exceeding local benchmarks.
4. Who might this home not suit?
Buyers seeking a brand-new build or a very large, private yard might find better options elsewhere. Similarly, those wanting an attached garage for our harsh winters should note this home has a detached one.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on the same block, indicating a dense, established streetscape with close neighbours. This often fosters a strong community feel and a walkable environment, which is a hallmark of Central River Heights.