Property Overview
This one-storey home at 633 Waverley Street in Central River Heights is defined by its generous, above-average lot and a practical, updated layout. Built in 1956, the house sits on a 7,497 sqft parcel of land, which is notably larger than most in both the immediate area and city-wide. With 1,699 sqft of living space and a renovated basement, it offers comfortable, modernized living on a single level. The property includes a detached garage.
Its primary appeal lies in the rare combination of a sizable, private yard in a central, established neighbourhood, paired with the move-in readiness provided by the basement renovation. It suits buyers looking for a low-maintenance, single-level lifestyle without sacrificing outdoor space—ideal for downsizers, small families, or those who value gardening and privacy close to city amenities. A thoughtful perspective is that while the home itself is average in size for the street, the significant land holding represents long-term value, either for personal enjoyment or future potential in a highly sought-after neighbourhood.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, ceiling height, legal egress, and whether it includes a bathroom or kitchenette to understand its full functionality.
How does the assessed value relate to the likely selling price?
The current assessed value is $53,900k. Note that recent sale prices for the home (2019: $45.50k, 2016: $43.90k) and city-wide comparable assessed values (avg. ~$390k) suggest the assessment figure may not reflect current market value. The selling price will be determined by recent neighbourhood sales and market conditions.
Is the large lot typical for Central River Heights?
No, it's exceptional. The lot size ranks in the top 4% for the neighbourhood, meaning it's significantly larger than most nearby properties. This is a key differentiator for this home.
What are the implications of a detached garage?
A detached garage offers flexibility for a workshop or project space separate from the house. However, it requires going outdoors to access your vehicle, which is a consideration during Winnipeg winters.
The home is older; what major systems should be investigated?
With a build year of 1956, the roof, plumbing, electrical systems, and foundation should be priorities for a professional inspection to understand their age, condition, and any potential need for updates.