172 Waverley Street – Property Summary

Key Characteristics & Buyer Profile

This is a 2,280 sqft home built in 1945, sitting on a 7,498 sqft lot in Winnipeg’s Wellington Crescent area. The property’s strongest selling point is its assessed value relative to the broader market: it ranks in the top 2% citywide, which reflects both the land value and the desirability of the neighbourhood. The living area is also notably generous—top 5% citywide—though it's more in line with the local average for Wellington Crescent itself.

The appeal here is subtle. On its own street, the home is above average in size and assessed value, but not dramatically so. Where it really stands out is when you zoom out: compared to the rest of Winnipeg, this is a large, high-value property in an established area. The 1945 build date means it's older than most homes citywide, but newer than many in the immediate neighbourhood—suggesting it may have been built during the post-war boom in a well-established part of town.

This property would suit buyers who want a solidly sized home in a prestigious neighbourhood without paying a premium that exceeds local norms. It’s a good fit for someone who values location and land over a brand-new build, and who appreciates that the assessed value is strong without being outlier-level for the area.

Frequently Asked Questions

1. How does the living area compare to other homes in the area?
On Waverley Street, it’s in the top 17% (larger than most neighbours). Within Wellington Crescent, it’s closer to average—around the 40th percentile. Citywide, it’s in the top 5%, so it’s a large home by Winnipeg standards, but not oversized for its immediate neighbourhood.

2. Is the assessed value in line with the neighborhood?
Yes. The home’s assessed value of $803k is almost exactly the neighbourhood average of $805.6k. It ranks in the top 33% locally, so it’s slightly above typical for Wellington Crescent, but not dramatically so. Citywide, it’s in the top 2%.

3. How old is the house, and is that a concern?
Built in 1945, the home is older than most Winnipeg properties (average citywide year built is 1966). However, it’s not unusual for the Wellington Crescent area, where many homes date to the 1940s or earlier. Age alone isn’t a red flag, but buyers should expect to review the condition of systems, foundation, and insulation.

4. What about the land size—is it a good-sized lot?
The lot is 7,498 sqft, which is above average for Waverley Street (top 15%) and above average citywide (top 13%). However, it's smaller than the typical Wellington Crescent lot, which averages nearly 9,500 sqft. So you get generous space by city standards, but it's not the biggest yard on the block.

5. Why does the property rank so differently across street, neighbourhood, and city data?
Because the comparison groups vary. On Waverley Street, homes are smaller and less valuable on average, so this property looks strong. In Wellington Crescent, you're comparing against a higher-end pool with larger lots and similar assessed values, so it looks average. Citywide, the bar is much lower, so the property appears elite. This is common for homes in desirable pockets of a city—they look exceptional nationally but blended in locally.