Property Overview: 539 Waverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1950, sits on a mature lot in Central River Heights. Its primary appeal lies in its balance of established neighbourhood charm and practical updates. The home features a renovated basement and a detached garage, offering both modern convenience and classic utility.
The property’s standout characteristic is its generous living space. At nearly 1,700 square feet, the home is notably larger than many others in the neighbourhood and across Winnipeg, providing ample room for daily life. While the lot size is more modest compared to others on Waverley Street, it remains manageable and typical for the central area. The home’s assessed value positions it above average for both the neighbourhood and the city, suggesting a solid investment in a desirable location.
This property would suit buyers looking for a character home in a prime inner-city neighbourhood without requiring major work, thanks to the renovated basement. It’s ideal for small families, professionals, or downsizers who value more interior space over extensive yard maintenance. A thoughtful perspective for this home is its "middle-ground" positioning: it offers more house than many in the area while sitting on a standard lot, making it a efficient use of space in a sought-after location.
Section 2: Frequently Asked Questions
1. How does the lot size compare practically?
While the land area is below average for Waverley Street itself, it is a typical, manageable size for Central River Heights. It offers enough outdoor space for gardening or relaxation without the upkeep of a much larger yard.
2. Is the home older than others nearby?
Built in 1950, it is actually newer than the average home on its street and closely aligned with the neighbourhood average. Its age is consistent with the classic character of River Heights.
3. What does the "above average" living area mean?
With 1,694 sqft, this home provides significantly more interior space than the typical Winnipeg or even Central River Heights home. This is a key advantage for buyers seeking roomier main living areas and bedrooms.
4. Does the assessed value indicate a good investment?
The assessed value is above average for both the neighbourhood and city, which generally reflects the home’s desirability, size, and condition within its market context.
5. What is the significance of the renovated basement?
This update adds immediate functional living space and potential for a rec room, home office, or additional bedrooms. It removes a common renovation project for buyers, adding move-in readiness and value.