Property Summary: 55 Syracuse Crescent, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated Waverley Heights home presents a solid, above-average offering within its immediate context. Built in 1978, the house itself is newer than most on its street and in the broader neighborhood. Its 1,120 sqft living space is consistent with the local area, providing comfortable, practical room for daily life. The standout feature is the generous 6,837 sqft lot, which is larger than most comparable properties in Winnipeg, offering valuable outdoor space and potential.
The appeal lies in its positional strength. The assessed value sits above average for both Syracuse Crescent and Waverley Heights, suggesting the property is already recognized for its desirable setting and lot size within the community. This isn't a fixer-upper priced for a discount; it's a established home in a stable setting. It would suit buyers looking for a move-in ready property on a sizable lot in a mature neighborhood, who value space and location over a brand-new build. It's particularly suited for those who appreciate having a home that performs well in key metrics against its direct neighbors, indicating a sound investment within the existing fabric of the area.
Section 2: Frequently Asked Questions
1. Is the living area smaller than the city average?
Yes, at 1,120 sqft it is below the Winnipeg average for comparable homes. However, it is much closer to the average for its specific street (1,147 sqft) and neighborhood (1,239 sqft), indicating it is appropriately sized for this well-regarded area.
2. What does "above average" assessed value mean for my taxes?
A higher assessed value relative to neighbors typically leads to a proportionally higher property tax bill. It reflects the market's view that the property, due to its lot size, condition, and location on the street, holds greater value.
3. The home was built in 1978. Are there major concerns?
While newer than many homes in the area, a 1978 build means key components like the roof, windows, and major mechanical systems (furnace, electrical) may be nearing or past their typical lifespan. A thorough inspection is essential to budget for any upcoming updates.
4. How significant is the lot size?
Very. The lot is in the top quarter for size on its street and city-wide. This provides more privacy, yard space, and future flexibility (like additions or landscaping projects) than many properties, which is a permanent and valuable asset.
5. The rankings show it's "around average" city-wide in some categories. Is that a negative?
Not necessarily. It indicates this is a stable, established property that aligns with Winnipeg's broader housing stock. The key takeaway is that it consistently performs better than average within its more immediate and relevant circles—its street and neighborhood—which often matters more for day-to-day living and value retention.