Property Overview: 668 Waverley Street, Winnipeg
Key Characteristics & Appeal
This 1957 one-storey home in Central River Heights sits on a 6,499 sqft lot, which is notably spacious for this desirable neighbourhood. While the 1,348 sqft living area is typical for the area, the property’s primary appeal lies in its land size and location. It features a renovated basement and a detached garage. The lot is significantly larger than most in Central River Heights, offering above-average outdoor space and potential in a mature, established community. The home itself is newer than many in the immediate area, suggesting potentially fewer immediate updates compared to older-century homes.
This property would suit a buyer who values a large yard in a central location over a large house footprint. It’s ideal for someone looking for a solid foundation in a prime neighbourhood, with the lot size offering future possibilities for expansion, gardening, or outdoor living. It also presents as a practical entry point into Central River Heights, where the assessed value sits above the neighbourhood average, indicating a strong underlying value proposition for the lot and location.
Frequently Asked Questions
1. How does the lot size compare practically?
The lot is in the top 9% for size within Central River Heights. This means you're getting significantly more yard space than is typical for the neighbourhood, a rare find in such established areas.
2. The home was built in 1957. What does that imply?
While 69 years old, it's actually newer than most homes in Central River Heights (top 4% for year built locally). This could mean construction methods and materials are more modern than neighbourhood averages, potentially easing some concerns about very old plumbing or wiring.
3. Is the assessed value a good indicator of the sale price?
The assessed value is a municipal figure for tax purposes. Notably, it's above average for both the neighbourhood and city-wide. However, the last recorded sale was in 2017 for $38.5k, which was below street and area averages at that time. Market conditions have changed significantly since, so current value will be driven by today's market.
4. What is the significance of the "renovated basement"?
A renovated basement in a 1957 home adds valuable finished living space. It's important to clarify the extent and quality of the renovation, including permits, ceiling height, and moisture control, as basements in older homes can be prone to dampness.
5. Who are the most likely comparable properties?
True comparables are less about assessed value (the listed examples are city-wide) and more about location, lot size, and house type. The most relevant comparisons would be other one-storey homes on similar-sized lots in Central River Heights or nearby neighbourhoods like Fort Rouge or Crescentwood.