Property Overview
This home at 150 Syracuse Crescent presents a compelling mix of space, value, and established neighborhood character. Its primary appeal lies in offering significantly above-average living space within a solid, mature community, all while carrying a property tax assessment that is manageable relative to its size and area.
Key Characteristics & Ideal Buyer
The standout feature is the generous 1,580 sqft of living area, which ranks in the top 5% on its own street and top 16% within the wider Waverley Heights community. This means you get substantially more interior space than most comparable homes nearby. Built in 1978, the home is newer than the average Winnipeg property and typical for its immediate area, suggesting a period of construction known for sturdy builds.
Interestingly, the municipal tax assessment is below the street average and aligns closely with community and city averages. This creates a value proposition: you acquire a home with more space than its neighbors, without a proportionally higher tax valuation. The lot size is a comfortable 6,460 sqft, providing ample outdoor space that is larger than the community norm.
This property would suit a practical buyer looking for room to grow without overextending, who values established neighborhoods with mature landscaping. It’s ideal for someone who prioritizes interior square footage and sees potential in a well-located late-70s home, possibly as a long-term hold where the existing space outweighs the need for a brand-new build.
Frequently Asked Questions
1. What does the tax assessment ranking mean for potential property taxes?
The assessment is below the average for Syracuse Crescent but near the average for Waverley Heights and Winnipeg. This suggests your tax bill should be reasonably in line with area norms, and you may even pay slightly less than some neighbors with smaller homes, representing good value for the space.
2. The home is from 1978. What should I be mindful of?
While the build year is typical and even slightly above average for the city, key systems like the roof, windows, furnace, and electrical may be nearing or have exceeded their typical lifespan. A thorough inspection is crucial to budget for any updates.
3. How significant is the living space advantage?
With 1,580 sqft, you have about 430 more sqft than the average home on Syracuse Crescent and 340 more sqft than the Waverley Heights average. This is a substantial difference, equivalent to adding one or two additional sizable rooms.
4. Is the lot size a pro or a con?
It's a balanced feature. The lot is slightly smaller than the street average but larger than the community average. It offers generous outdoor space for gardening or recreation without being excessively large for maintenance.
5. How does this home’s value proposition stand out in the market?
The data highlights a home that "punches above its weight" in interior space relative to its assessed value within the hyper-local context. For buyers, the appeal is acquiring more usable square footage without the premium tax assessment that often accompanies it in more recently built or renovated homes.