Property Overview
This renovated one-storey home at 674 Waverley Street in Central River Heights offers a blend of established neighbourhood charm and modern updates. Its key appeal lies in a generous, above-average lot size of over 7,200 sqft, providing significant outdoor space that is a rarity in the area. The home itself, built in 1957, features a renovated basement and a detached garage. With a living area of approximately 1,600 sqft and a recent sale price of $510k, it presents as a solid, move-in-ready property in a desirable location.
This home would suit buyers looking for a low-maintenance, single-level layout, perhaps downsizers or young families attracted to the highly regarded Central River Heights community. It’s particularly compelling for those who value private outdoor space for gardening or recreation more than a large interior footprint. The renovated basement adds functional living space, making it a practical choice for those needing a home office, guest suite, or family room.
Frequently Asked Questions
Is the lot size truly a standout feature?
Yes. The property’s land area ranks in the top 17% on its own street and the top 4% within the entire Central River Heights neighbourhood. This means you are getting a larger-than-typical yard for this sought-after area, which is a significant long-term value.
How does the home’s age compare to others nearby?
Built in 1957, it is notably newer than many homes on Waverley Street (where comparable homes average 1945) and in Central River Heights overall. This suggests potentially fewer immediate concerns with very old infrastructure compared to some neighbours.
What does the assessed value indicate?
The $510k assessed value is above average for both the neighbourhood and city-wide. It aligns with the recent sale price, indicating the market and city assessment see consistent value here, which can provide confidence in its current valuation.
Is the living space typical for the area?
At 1,596 sqft, the interior space is above average for Winnipeg and Central River Heights, though around the median for Waverley Street specifically. This indicates you’re getting a comfortably sized home that isn’t unusually small or large for its context.
What is the significance of the detached garage?
In an older neighbourhood, a detached garage is common. It provides valuable storage and parking, but buyers should consider their preference for attached versus detached access, especially during Winnipeg winters.