126 Syracuse Crescent

Property Overview & Key Characteristics

This 1978-built, one-storey home in Waverley Heights is a property defined by its land and location. Sitting on a large, 5,625 sqft lot that ranks in the top 5% for size on its street, its primary appeal is the generous outdoor space and established neighbourhood setting. The 1,076 sqft living area is functional and typical for the area. Key features include an attached garage and a full, unrenovated basement offering significant storage or future development potential.

The home’s appeal lies in its solid foundation—both literally and figuratively—within a mature community. It suits practical buyers looking for a manageable single-level layout on a premium-sized lot, ideal for gardening, family play, or future expansion. It’s a compelling option for first-time buyers, downsizers seeking single-floor living, or investors who see value in the land and the basement’s blank-canvas state. A thoughtful perspective is that the home’s below-average assessed value for the street may indicate an opportunity, but it also reflects the original condition of the interior and basement, positioning it as a value-purchase for those willing to personalize over time.

Frequently Asked Questions

1. How does the lot size compare to others in Winnipeg?
At 5,625 sqft, the lot is larger than approximately 60% of residential properties in Winnipeg, offering substantial outdoor space that is increasingly rare in newer subdivisions.

2. What does the "unrenovated basement" imply?
It means the basement is finished and usable but has not been modernized. It presents functional space as-is, with the potential for future updates to add significant value.

3. The assessed value seems low for the street. Why?
The assessed value ranks in the bottom 3% on Syracuse Crescent. This typically reflects the home’s original condition and floor plan compared to more updated neighbours, not the land value, which is a strong asset.

4. Is the neighbourhood actively developing?
Waverley Heights is a mature, established neighbourhood. The consistent year of build (1970s) among comparable listings suggests stability rather than rapid new development, appealing to those seeking an established community character.

5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those prioritizing a large interior living space over generous outdoor land.