Property Summary: 11 Syracuse Crescent, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated home at 11 Syracuse Crescent presents a solid, grounded opportunity in the Waverley Heights neighborhood. Built in 1978, it is newer than most comparable homes on its street and in the immediate area, suggesting potentially fewer concerns with aging infrastructure common to older builds. With 1,120 sqft of living space and a 5,830 sqft lot, the property offers functional space that aligns with neighborhood and city averages, making it a practical choice rather than a standout in size.
The appeal here lies in its balance and context. The assessed value of $384k is notably below the street average, which could indicate a value proposition for a buyer willing to invest in updates, or it may reflect the home’s current condition. This creates a clear entry point into a street where homes are typically valued higher. It would suit a first-time buyer or a practical downsizer looking for a home in a stable area without paying a premium for the largest lot or the most modern finish. The buyer best suited is one who appreciates a home that is competitively positioned within its community and sees potential in a property that is newer than its neighbors but may benefit from personalization.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on assessed value, this home is ranked in the top 90% on Syracuse Crescent, meaning its value is lower than about 90% of its neighbors. This could represent a value opportunity, but it’s important to understand why—factors could include lot size, condition, or specific features.
2. How does the lot size impact the property?
The lot is 5,830 sqft, which is below the street average. This means less yard maintenance but also potentially less private outdoor space than some direct neighbors. It is, however, very close to the neighborhood average.
3. The home was built in 1978. What should I consider?
While newer than many homes on the street, a 1978 build may still have original components like windows, roofing, or major systems (heating, electrical) that could be nearing the end of their service life. An inspection is crucial.
4. Are the living spaces smaller than average?
At 1,120 sqft, the living area is very close to the street and neighborhood averages. It provides typical space for the area, suitable for a small family or couple, but is not considered a large home by local standards.
5. What do these rankings actually tell me about the area?
The rankings show this is a very typical, established neighborhood. The home doesn’t significantly over- or under-perform in most categories at the city level, indicating Waverley Heights is a representative Winnipeg community. This suggests stability and predictable resale metrics.