Property Overview: 185 Waverley Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a substantial and historically significant property in North River Heights, defined by its impressive scale and premium valuation. The home, built in 1922, offers 2,316 sqft of living space, placing it within the top 5-9% of homes in Winnipeg for size. Its most striking feature is the 7,216 sqft lot, which ranks in the elite top 4% for the neighbourhood, providing rare outdoor space and potential. The assessed value of $898k firmly places it among the top 2-4% of properties citywide, reflecting its premium positioning.
The appeal lies in acquiring a character home with above-average interior space on an exceptionally large, private lot for the area—a combination that is increasingly rare. It suits a buyer looking for a established, high-value asset in a central neighbourhood, who appreciates the character of a century-old home and has the vision (and possibly budget) for updates or renovations that a 104-year-old property may require. A less obvious perspective is that while the home is older than most on its street, this often correlates with more distinctive architectural details and mature, established landscaping that cannot be replicated in newer developments.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $898k is for municipal tax purposes and is a strong indicator of the property's high market standing, placing it in the top 2% of Winnipeg homes. However, the final sale price is determined by the current market and recent comparable sales.
2. What should I consider with a home built in 1922?
A home of this age offers charm and likely solid construction, but prospective buyers should prioritize a thorough inspection. Key focus areas include the foundation, roof, plumbing, electrical systems, and insulation to understand any needed updates or maintenance.
3. The lot size is noted as "Elite" for the area. What does that mean practically?
With a 7,216 sqft lot ranking in the top 4% for North River Heights, this property offers significantly more outdoor space than most nearby homes. This allows for greater privacy, expansive gardens, recreational space, or potential for additions (subject to zoning bylaws).
4. The home last sold in 2016. Can I find out the exact sale price?
The provided data shows a sale price range of CA$700k–750k for August 2016. For fully verified and exact historical sale figures, you can request a manual lookup via the email service mentioned in the listing details.
5. Is the living space configured as a single-family home?
The data confirms a single-family dwelling with 2,316 sqft of living area. For specific details on the layout, room count, and condition, a viewing or direct inquiry with the listing agent is necessary.