Property Summary: 14 Syracuse Crescent, Waverley Heights
Key Characteristics & Appeal
This 1978 bungalow at 14 Syracuse Crescent presents a distinct value proposition centered on its generous lot and established location. With 1,004 sqft of living space, the home itself is more compact than most on its street and in the Waverley Heights neighborhood, which is a key consideration for buyers. However, this is balanced by a significantly larger-than-average private lot of over 7,000 sqft, offering excellent outdoor potential. The assessed value is notably lower than other homes on Syracuse Crescent, suggesting a potentially accessible entry point into a mature area.
Its primary appeal lies in this combination: a solid, vintage foundation on a premium-sized lot in a well-established community. It suits practical buyers looking for a long-term project—perhaps first-time homeowners willing to grow into the space over time, or downsizers who value a large yard but not excessive indoor square footage. The data indicates you are purchasing land and location, with the home offering functional living space that leaves room for future personalization or expansion, subject to approvals.
Frequently Asked Questions
1. Is the lower living area and assessed value a concern?
Not necessarily. It indicates this property is priced differently from its neighbors, often reflecting the home's size and condition. For the right buyer, this represents the value opportunity, as you are investing more in the land and location within Waverley Heights.
2. What does the large lot size practically offer?
Beyond gardening and recreation, a lot size that ranks in the top 20% for the street and neighborhood provides valuable flexibility. It could allow for future additions like a sizable shed, workshop, or deck, and generally offers more privacy and space between you and neighboring homes.
3. The home was built in 1978. What should I expect?
As a home from the late 1970s, expect the potential for original or aging core components. This includes the roof, windows, plumbing, and electrical systems. A thorough inspection is crucial to understand the condition and plan for any updates, which is typical for homes of this vintage.
4. How does the value compare city-wide?
City-wide data shows the assessed value is around average, while the lot size is above average. This reinforces the perspective that within Winnipeg, you are getting a competitively priced property where the land itself is a significant asset.
5. Who might this property not suit?
It may not suit buyers seeking a large, modern, or immediately turn-key home without renovation plans. Those prioritizing maximum interior square footage or who do not wish to utilize or maintain a large yard might find better options elsewhere.