Property Overview: 682 Waverley Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Central River Heights is defined by its practical updates and its position in a well-established neighbourhood. The key feature is a renovated basement, adding valuable finished space to the 1,302 sqft living area. It sits on a standard city lot just over 5,400 sqft and includes a detached garage. Built in 1956, it is notably newer than many homes on its street and in the immediate area, which can suggest more modern construction materials or systems compared to its peers.
The appeal lies in its balance. It’s not the largest home on the block, but it offers move-in readiness with the renovated basement in a central, desirable neighbourhood. The assessed value is modest relative to other homes on Waverley Street, potentially indicating an opportunity for value-conscious buyers. This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a prime location without a premium price tag. It’s a home for those who prioritize location and functional updates over sheer size.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means finished living space, possibly with a recreational room, additional bedroom, or updated bathroom. It’s a significant functional upgrade from an unfinished cellar.
2. How does the detached garage affect winter use?
A detached garage is common for homes of this vintage. It provides secure parking and storage but requires going outdoors in winter weather. For some, this is a minor trade-off for the character and larger yard layout it allows.
3. The home is "newer" than neighbours—does that matter?
A 1956 build date is newer than many area homes, which often date to the 1940s or earlier. This can sometimes mean updated electrical wiring, plumbing, or foundation standards from the original construction, but a thorough inspection is still essential.
4. The assessed value seems low for the street. Is that a concern?
A lower assessment relative to immediate neighbours can reflect the home’s smaller size or historical sale prices. It doesn’t necessarily indicate a problem, but it’s wise to understand why the discrepancy exists—it could influence property taxes and perceived market value.
5. Is the living space sufficient for a growing family?
At 1,302 sqft plus a renovated basement, the home offers compact but efficient space. It may suit a small family comfortably, but those needing multiple large bedrooms or dedicated formal spaces might find it cozy. The layout and basement functionality will be key.