Property Overview
This home at 223 Waterloo Street in North River Heights is defined by its generous proportions and established character. Built in 1922, it offers substantial living space that ranks well above average for the street, neighbourhood, and entire city. The appeal lies in acquiring a notably spacious home in a prime area, with an assessed value that reflects its premium standing. It would best suit a buyer who values classic architecture and roominess over a modern build date, and who is prepared for the stewardship of a century-old property. A thoughtful perspective is that while the lot size is typical for the area, the house itself uses that land efficiently to provide elite-level interior space, suggesting a well-considered original layout.
Frequently Asked Questions
How does the 1922 build date impact the property?
While the home is older than most on the street and in the city, this is characteristic of many established homes in desirable, central neighbourhoods. It implies classic construction and charm, but prospective buyers should prioritize a thorough inspection to understand the condition of major systems, the roof, and the foundation.
The assessed value is much higher than area averages. What does this mean?
The assessment places the home in the top 4% of North River Heights and top 3% city-wide. This typically reflects the property’s above-average living area, desirable location, and market position. It’s a strong indicator of the home’s premium market tier, but the final sale price is determined by current market conditions.
Is the lot size a drawback?
The land area is generally average for North River Heights and slightly below average for Waterloo Street itself. This isn’t unusual for older neighbourhoods where homes are closer together. The trade-off is a very efficient use of the lot, with a large home situated on it.
What can the 2016 sale price tell me?
The previous sale price provides a historical benchmark, but it is not a reliable indicator of current value. The market and the property itself have likely changed significantly in the intervening years. For the most accurate and current valuation, consulting a local real estate professional is recommended.
How accurate is this data?
The living area, assessed value, and lot size are sourced from official property assessment records and are reliable. The sold price data is compiled from public sources and is presented as a general range; for verified, exact historical sale figures, you would need to request a manual lookup from the site or consult with a real estate agent who has access to complete MLS records.