50 Providence Place

Property Summary: 50 Providence Place, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,176 sqft home, built in 1975, presents a practical and value-conscious opportunity in the Waverley Heights neighborhood. Its core appeal lies in its position as a competitively priced entry point into a well-established area. With an assessed value below the street average but aligning with broader neighborhood and city averages, it offers a chance to secure a home on a desirable street without the premium price tag of some larger lots on the block.

The home suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with solid fundamentals. A thoughtful perspective is that while the living and land areas are modest for Providence Place itself, they are quite typical for the wider community, suggesting you're buying into the neighborhood's amenities and character rather than an oversized property. Notably, it is one of the newer homes on its specific street, which can be an advantage for systems and upkeep. This is a property for those who prioritize location and value over sheer size, understanding that the investment is in the land and community as much as the structure.

Section 2: Frequently Asked Questions

1. Is the below-average living area for the street a major concern?
Not necessarily. While smaller than some neighbors on Providence Place, the home's size is actually around the average for both the Waverley Heights neighborhood and Winnipeg overall. It indicates the street has a mix of home sizes, with this property representing a more efficient, manageable footprint.

2. What does the assessed value ranking tell me?
The assessed value ($396k) is below the street average but aligns closely with the neighborhood average. This often suggests the property is priced accessibly for the area, potentially offering good value. It's a key metric for understanding your potential property taxes relative to nearby homes.

3. The home is listed as newer on its street but older in the neighborhood. Why?
This property was built in 1975, which is the newest year built on its block of Providence Place (ranked 1 out of 15). However, when compared to the entire Waverley Heights area, which includes many newer subdivisions, it falls below that wider average. This highlights the mature, established nature of this particular pocket within the neighborhood.

4. How should I interpret the land size?
At 5,828 sqft, the lot is smaller than others on Providence Place but is near the average for the city. This typically means lower exterior maintenance and a more compact yard—a plus for some, but a consideration for those wanting extensive outdoor space.

5. Who would this property not be suited for?
Buyers seeking a large, expansive lot or a home significantly above average in size for their immediate street may want to look elsewhere. It's also less likely to suit those prioritizing a brand-new construction environment, as it's in a mature part of Waverley Heights.