102 Syracuse Crescent

Property Overview: 102 Syracuse Crescent, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home at 102 Syracuse Crescent presents a solid, above-average offering in the Waverley Heights community. Built in 1978, its 1,120 sqft living area is very close to the local street and neighborhood averages, providing comfortable space without being oversized. The property stands out in its value proposition: its tax-assessed value of $438,000 ranks consistently in the top 30% across the street, neighborhood, and city, suggesting it is perceived as a higher-quality asset relative to its peers. The lot size of 6,283 sqft is notably larger than the neighborhood average, offering good outdoor space.

The appeal lies in its balanced, established nature. It’s not an outlier in any single category but performs reliably well across the board, particularly in assessed value—a point for buyers mindful of relative investment quality and potential municipal tax implications. The home suits practical buyers looking for a move-in-ready property in a mature neighborhood, who appreciate space both indoors and out, and who value a home that compares favorably in appraisal value within its market context. It’s a choice for those prioritizing a proven, stable community footprint over a brand-new build or a fixer-upper project.

Section 2: Frequently Asked Questions

1. How does the 1978 build year affect this home?
While 1978 is the average build year for its immediate street and neighborhood, it ranks in the newer 19% on Syracuse Crescent. This suggests the home is among the more recently built on its block. Buyers should anticipate updates common for homes of this era but can be confident it’s not a dated outlier in the area.

2. The living space is slightly below the city average. Will it feel small?
At 1,120 sqft, the living area is very close to the street (1,147 sqft) and neighborhood (1,239 sqft) averages. It is a standard size for Waverley Heights and is unlikely to feel unusually small within its immediate context, though it is more compact than the broader Winnipeg average.

3. Why is the tax assessment value notably higher than the averages?
The assessment ranking in the top 25-30% across all comparison levels indicates that municipal assessors attribute a higher market value to this property than to many comparable homes. This can reflect the home’s condition, specific features, lot desirability, or recent improvements. It’s a positive indicator of asset strength but is directly tied to property tax calculations.

4. Is the lot size a significant feature?
Yes. While close to the street average, the lot is larger than 74% of lots in Waverley Heights and 74% city-wide. This means you have more private outdoor space than most neighborhood properties, which is a less obvious but valuable advantage for privacy, gardening, or future expansion.

5. What do these rankings tell me about the neighborhood?
The data paints a picture of a consistent, established neighborhood. Homes on Syracuse Crescent and in Waverley Heights are very similar in age and living space, creating a uniform streetscape. The higher assessment ranking of this property suggests it may be one of the better-maintained or more desirable homes within that consistent setting.