Property Overview: 194 Waverley Street, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old home in North River Heights that stands out for its generous scale and lot size. Its primary appeal lies in its rarity: with over 3,200 sqft of living space, it ranks in the top 1% of homes locally and city-wide for size. The nearly 7,800 sqft lot is also exceptionally large for the area, placing it in the top 1% of North River Heights, offering significant outdoor space and potential.
The home suits buyers looking for a classic, character property with ample room for a large family or those who value space and privacy above modern finishes. Its assessed value is notably higher than area averages, reflecting its substantial footprint and desirable location. A thoughtful perspective for a buyer is to recognize that a 1913 build date, while offering charm, places it among the oldest on its street, suggesting a premium may be attached to the land and square footage, and that renovations or updates could be a consideration. The historical sale data indicates strong, above-average value retention through past transactions.
Frequently Asked Questions
1. How does the age of the home impact its value and appeal?
While the 1913 build date means it is older than nearly all comparable homes, the property's value is strongly driven by its exceptional lot size and living area, which are rare commodities. The age suggests classic character but also warrants a thorough inspection for systems, wiring, and insulation.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $753k is a strong benchmark, consistently placing the home in the top 5-9% of its neighborhood. Given that past sold prices have also ranked in the top tiers for the area, it indicates a premium property, though market conditions will ultimately determine the final price.
3. What does the lot size actually offer?
At 7,808 sqft, the lot is significantly larger than the North River Heights average. This allows for greater privacy, expansive gardens, recreational space, and potential for additions like a garage, workshop, or patio, which are not always feasible on standard city lots.
4. The data shows past sales in 2016 and 2019. What does that trend indicate?
The home sold in the $600k-$700k range in both 2016 and 2019, each time placing in the top 10-18% of sales for the street. This consistent high-tier performance suggests a property that has maintained its premium market position over time.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for general research. To obtain the exact figures, you must request a manual lookup via email from the service, as they do not display full MLS transaction records directly on the webpage.