Property Overview
This home at 5 Salem Place in Waverley Heights presents a compelling mix of space, value, and location. Its key appeal lies in its exceptionally large lot—over 11,500 sqft—which places it in the top 4% of all Winnipeg properties for land size. This offers rare potential for gardening, expansion, or simply enjoying generous outdoor privacy within the city. The living space of 1,262 sqft is practical and aligns closely with area averages. Built in 1974, it is typical for its immediate street but is actually older than many homes in the wider Waverley Heights community, suggesting a well-established streetscape. The property’s tax assessment value is higher than the community and city averages, which can indicate perceived value but also factors into annual costs.
This property would suit buyers who prioritize land over sheer interior square footage. It’s ideal for someone looking for a solid family home with room to grow outdoors, or for a buyer with a vision for future landscaping, a workshop, or an addition. It also represents a middle-ground option on its street, offering a balance between the lot size of more premium homes and the assessed value of others.
Frequently Asked Questions
1. How does the lot size compare to a typical city property?
The lot is a standout feature. At 11,506 sqft, it is nearly double the average lot size in both Waverley Heights and across Winnipeg, placing it in the top 2-4% of properties.
2. Is the house newer or older than others in the area?
Built in 1974, it is precisely the average age on its own street. However, within the broader Waverley Heights community, it is older than the average home, ranking in the top 93% (meaning 93% of area homes are newer).
3. What does the tax assessment ranking tell me?
The assessment of $434,000 is higher than the average for both the community and the city, ranking in the top 28-31%. This suggests the municipal assessment views it favorably relative to others, which influences property taxes.
4. Is the living space larger or smaller than nearby homes?
At 1,262 sqft, the living area is slightly below the average for its specific street but is very close to the average for the Waverley Heights community as a whole.
5. How does this property balance its different features?
The home offers a trade-off: it has a premium-sized lot and a solid assessment value, paired with a living space that is functional but not oversized for the area. Its appeal is in the land and established location, rather than in having the newest or largest house on the block.