Property Summary: 47 Syracuse Crescent, Waverley Heights

Section 1: Key Characteristics & Appeal

This well-situated home at 47 Syracuse Crescent presents a practical opportunity in the established Waverley Heights neighborhood. Built in 1978, it is notably newer than many homes on its own street and within the wider area, suggesting potentially fewer age-related concerns. With 1,040 sqft of living space, the home is more compact than many in the immediate vicinity, offering a manageable layout that favors efficient living over sprawling square footage.

The primary appeal lies in its value positioning and low-maintenance potential. The assessed value is below the street average, which could indicate room for equity growth in a street of generally higher-valued homes. The lot, while smaller than most on Syracuse Crescent, is still aligned with neighborhood and city averages, providing adequate outdoor space without the burden of extensive upkeep. This combination makes it an ideal fit for first-time buyers, downsizers, or pragmatic investors seeking an entry into a stable neighborhood without a premium price tag. It suits those who prioritize a newer build year and financial accessibility over having the largest house or yard on the block.

Section 2: Frequently Asked Questions

1. Is the smaller living area a significant drawback?
Not necessarily. While below the street average, the size is close to the neighborhood average and offers a more efficient, cost-effective footprint. It translates to lower utility costs, less space to maintain, and a cozier layout that can be very appealing for smaller households.

2. Why is the assessed value lower than the street average?
The below-average value relative to the street likely reflects the home’s smaller size and lot dimensions compared to its immediate neighbors. This can represent a value opportunity, allowing buyers to enter a street where most homes are valued higher, with the potential to increase the property’s value through updates.

3. What are the advantages of the 1978 build year?
Being newer than most on the street and in the area is a distinct advantage. Homes from this era often incorporate modernized electrical systems, insulation standards, and floor plans compared to those built in the 1950s or 1960s, which are common in Winnipeg. This can mean fewer immediate major upgrades.

4. How does the lot size impact the property?
At 5,625 sqft, the lot is smaller than most on Syracuse Crescent but typical for the broader area. This means a more manageable yard for gardening or recreation, with less time and expense required for landscaping and maintenance compared to larger lots.

5. Who would this property not suit?
It may not be ideal for buyers who prioritize expansive indoor living spaces or a large, private yard above all else. Families needing multiple large bedrooms or dedicated recreational rooms might find the layout limiting. It’s best suited for those comfortable with a efficient, average-sized family home.