246 Waverley Street

Property Overview: 246 Waverley Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling blend of space, land, and location. Built in 1924, its primary appeal lies in its generous proportions. With 2,601 sqft of living area, it ranks in the top 9% of homes on Waverley Street and the top 5% within the desirable North River Heights area, offering significantly more interior space than local averages. The nearly 7,800 sqft lot is an even more standout feature, placing it in the elite top 1% of lot sizes for the neighbourhood, providing exceptional outdoor potential.

The appeal here is for a buyer who values space and land over a modern build date. It suits someone looking for a character home with room to grow, garden, or entertain, and who may have a vision for updates. Interestingly, the assessed value sits around the average for the street and area, suggesting the price may reflect the home’s age and potential need for modernization, rather than its substantial square footage and lot size. This creates an opportunity for a buyer whose priorities are the enduring assets of land and space, and who is prepared for the realities of a century-old home.

Section 2: Frequently Asked Questions

1. Why is the assessed value relatively average when the lot and living space are so large?
Assessment considers multiple factors, including the home’s age, condition, and interior finishes. The 1924 build date and likely need for updates in a home of this vintage can temper the assessed value compared to its sheer physical dimensions.

2. What does the "Elite" ranking for lot size actually mean?
It means this property’s land area is larger than 99% of lots in North River Heights. This is a rare find in an established neighbourhood, offering privacy, landscaping possibilities, and future potential that is increasingly uncommon.

3. Are there recent sale prices available for this specific home?
No public sales history is shown for this listing. Exact sale figures for Winnipeg properties often require a manual lookup through proprietary systems, which the listing service offers to provide via email upon request.

4. What should I consider with a home built in 1924?
While offering classic charm and solid construction, a home this age will likely have undergone various updates. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, roof, and foundation, and to budget for any necessary modernization.

5. How does this home compare to the property at 251 Oxford Street, shown for reference?
While nearby and of a similar vintage (built 1926), the reference property has a higher assessed value, likely due to a larger living area (3,080 sqft), different condition, or specific updates. It highlights how two older homes on spacious lots in the same area can vary significantly in value based on factors beyond just land size.