174 Waverley Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1952 home with 1,727 square feet of living space on a 7,499-square-foot lot, assessed at $788,000. Its standout feature is value relative to the street and the city at large. On Waverley Street, it ranks in the top 8% for assessed value but is only around average for living area, meaning you’re getting a property that commands high value without being oversized. Citywide, the home sits in the top 2% for assessed value and top 13% for land area, which is notable given Winnipeg’s wide range of housing stock.

The appeal lies in the balance: it’s not the largest house on the block, nor the newest, but it holds its own in a desirable neighborhood (Wellington Crescent) without the top-tier price tag of the area’s biggest properties. The land is generous by city standards, which matters for buyers who value outdoor space or future expansion potential. The year-built (1952) puts it in a sweet spot—older than most citywide homes (top 70% are newer) but around average for its street, suggesting a neighborhood of established, character homes rather than new builds.

This property would suit buyers who want a solid, well-located home in a respected area without paying a premium for maximum square footage. It’s a good fit for someone who prioritizes land, location, and long-term value over a turnkey modern interior or the largest floor plan on the block. Families or professionals looking for a home with room to personalize, or investors eyeing a strong asset in a top-tier city percentile, should take note.

Five Possible FAQs

1. How does the assessed value compare to similar homes in the area?
On Waverley Street, this home is in the top 8% for assessed value, well above the street average of $518,400. In the wider Wellington Crescent neighborhood, it’s more typical—ranked in the top 34%, with the area averaging $805,600. Citywide, it’s elite: top 2% of all comparable properties. So you’re paying for a home that stands out locally but is not out of step with its immediate neighbors.

2. Is the living space small for this neighborhood?
Not exactly. At 1,727 square feet, it’s slightly above the street average (1,692 sqft) and well above the citywide average (1,342 sqft). However, the Wellington Crescent neighborhood average is 2,343 sqft, so this home is smaller than many nearby properties. It’s a good size for someone who doesn’t need excessive space but wants to live in a premium area.

3. What’s the lot like, and is it usable?
The lot is 7,499 square feet, which ranks in the top 13% citywide and top 15% on the street. It’s slightly smaller than the neighborhood average (9,488 sqft) but still generous by Winnipeg standards. You’ll have room for a good-sized yard, garden, or possibly a future addition, depending on zoning.

4. How old is the house, and what condition should I expect?
Built in 1952, it’s older than most homes citywide (top 70% are newer) but in line with its street (average year built is 1945) and actually newer than many in the Wellington Crescent area (average is 1940). This means it’s likely a postwar build with solid bones, but you should budget for updates typical of a home of this age—electrical, plumbing, windows, and insulation may have been upgraded or may need attention.

5. How does this property compare to others on the same street?
It’s a standout for value: top 8% for assessed value but only top 39% for living area. The land is also above average (top 15%). So compared to neighbors, you’re getting a home that punches above its weight in terms of worth per square foot, likely due to location, lot, or finishes. It’s not the biggest or newest house on the block, but it’s one of the more valuable.