Property Summary
Key Characteristics & Target Buyer
This home at 106 Syracuse Crescent presents a compelling mix of established value and above-average standing within its immediate surroundings. Its key appeal lies not in being the largest or newest, but in its consistent quality across multiple metrics when compared to neighbors.
The 1,307 sqft living space is notably larger than the average for both its street and the wider Waverley Heights community, placing it in the top 15-30% locally. The most striking feature is its assessed value for taxes of $511,000, which ranks first on its street (top 2%) and well above area and city averages. This suggests the property is perceived to have superior value, possibly due to upgrades, condition, or lot desirability, relative to nearby homes. Built in 1978, it is typical for its specific neighborhood but newer than the Winnipeg average. The 6,546 sqft lot size is solid, offering more space than most in Waverley Heights.
This property would suit a buyer looking for a home in a mature neighborhood who values a proven, above-average investment within that specific context. It’s for someone who appreciates a home that stands out in terms of perceived value and living space on its street, without necessarily being a city-wide outlier. It may also appeal to those who find confidence in a home that consistently performs well in localized comparisons.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It means that for tax purposes, this property is valued significantly higher than the others on its street and in its community. This often reflects factors like renovations, premium condition, or a particularly desirable location on the block, but it also directly influences your annual property tax bill.
2. The house was built in 1978. Should I be concerned about major systems?
The build year is typical for the area. The key consideration is not the age itself, but the maintenance and updates to major components like the roof, windows, furnace, and electrical system since then. An inspection is crucial to determine their current state and remaining lifespan.
3. The living space is above average for the street, but close to average for the city. How should I interpret this?
This indicates you are getting a relatively spacious home for the specific neighborhood of Waverley Heights. It suggests good value within that community context, which is often what matters most for daily living and future resale to buyers looking in the same area.
4. How useful are these comparative rankings?
They are highly useful for understanding the property’s standing relative to its direct competition—the homes you and future buyers will most logically compare it to. They provide data-driven context beyond just the raw numbers, highlighting where this home has a competitive edge or is typical.
5. The lot size ranking varies a lot by comparison area. Why?
The lot is close to the street average but ranks higher against the community and city because lots in Waverley Heights are generally smaller than the Winnipeg average. This means you have a standard-sized lot for Syracuse Crescent, but a larger-than-typical yard for the broader Waverley Heights area.