Property Overview
122 Syracuse Crescent presents a well-situated family home in Waverley Heights, built in 1978. Its appeal lies in its balanced, middle-of-the-road profile within a mature neighbourhood. The home sits on a just-under-6,000 sqft lot and offers 1,152 sqft of living space, figures that are consistently around the average for both the local area and wider Winnipeg. A key financial characteristic is its assessed value of $375k, which is notably below the average for its own street, potentially offering value relative to immediate neighbours.
This property would suit a first-time homebuyer or a practical downsizer looking for an established community without a premium price tag. It’s for someone who values a stable, average-sized home in a neighbourhood of similar properties, rather than standout luxury or the largest lot on the block. A thoughtful perspective is that this home represents the "quiet majority" of the housing stock—unexceptional in specs but potentially a solid and affordable entry into a settled area, where the lower assessment compared to the street average could be a negotiating point.
Frequently Asked Questions
1. Is this house smaller than others on the street?
Yes, slightly. At 1,152 sqft, the living area is a bit smaller than the street average of 1,147 sqft, ranking it in the top 29% (meaning 71% of comparable homes on the street are larger).
2. Why is the assessed value lower than the street average?
The assessed value of $375k is below the street average of ~$417k, ranking it 55th out of 59 homes. This could be due to a combination of the slightly smaller living area, lot size, specific condition, or updates needed compared to neighbours.
3. How does the lot size compare?
The lot of 5,962 sqft is below the street average of 6,511 sqft but is very close to the neighbourhood average. It provides a standard outdoor space for the area.
4. Is the home older or newer than others nearby?
It was built in 1978, which is the average build year for both its street and the wider Waverley Heights neighbourhood, making it a typical home for the area's development period.
5. What does the data say about the neighbourhood overall?
The data suggests Waverley Heights is a consistent, mature neighbourhood. The home's metrics (size, value, lot) are all around the 50th percentile locally, indicating it's a very representative example of the area, not an outlier.