Property Overview
11 Alumni Place in Waverley Heights is a home defined by its exceptional lot size and solid, above-average positioning on its street. The 1,262 sqft bungalow, built in 1974, sits on a 14,347 sqft property—a standout feature that offers rare potential for expansion, gardening, or private outdoor space. With an assessed value of $425k, it presents a compelling value proposition, particularly for buyers who prioritize land over sheer interior square footage.
Key Characteristics & Appeal
The primary appeal of this property is its land. The lot size is not only the largest on Alumni Place but also ranks in the top 1% of the Waverley Heights neighborhood and the top 2% citywide in Winnipeg. This transforms a home with around-average living space into a property with significant long-term potential. The house itself is well-maintained for its age, ranking above the street average for living area, value, and year built. It suits practical buyers looking for a solid, move-in-ready home in a stable neighborhood, as well as visionaries who see the value in a large, versatile parcel of land for future projects, additions, or simply the luxury of expansive green space.
Frequently Asked Questions
1. Is the house outdated since it was built in 1974?
While the structure is from 1974, its ranking as the newest on its street suggests it has been well-kept or updated relative to its immediate neighbors. The interior condition would need verification, but it is not an outlier in age for the area.
2. How does the assessed value compare?
At $425k, the home is valued above the average for Alumni Place ($392.2k) and is very close to the Waverley Heights neighborhood average ($398.1k). This indicates the assessment recognizes the value of the larger lot.
3. The living area seems average. What's the draw?
The draw is the balance and potential. You get a comfortably sized home on a lot that is far from average. For the price of a standard city lot, you're acquiring a property with ample room to grow, which is a rare find in established neighborhoods.
4. What does the lot size ranking actually mean for me?
Ranking in the top 1% neighborhood-wide means you have one of the largest residential lots in Waverley Heights. This offers superior privacy, space for recreational features like a pool or large patio, and a tangible hedge against future densification.
5. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout without renovation plans, or those who prefer a low-maintenance yard. The value here is in the land, so buyers who prioritize maximizing interior square footage for their budget might find better options elsewhere.