Property Overview: 266 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 266 Waterloo Street is a well-proportioned character property built in 1925, situated in the established North River Heights neighbourhood. Its primary appeal lies in its generous and above-average living space of 1,811 sq ft, which ranks within the top quarter of homes locally and city-wide. This suggests a comfortable interior size that exceeds the norm for many Winnipeg properties. The assessed value of $459k positions it as an average offering for its immediate street and area, but as an above-average value when compared to the wider city, potentially offering more house for the dollar within a desirable neighbourhood.
The lot size of 4,821 sq ft is typical for the area, providing adequate outdoor space without the extensive maintenance of a larger yard. A thoughtful perspective for buyers is that this property represents a balance: it offers the charm and space of an older home while carrying an assessment that is not disproportionately high for its locale. It would particularly suit buyers who prioritize interior square footage and neighbourhood character over a brand-new build or an exceptionally large lot. The recent sale in mid-2024 within the $550k-$600k range indicates strong market interest.
Frequently Asked Questions
1. How does the home’s age affect its value and potential?
Built in 1925, the home is older than most in its immediate area and the city. This typically means potential for classic architectural charm but also suggests that the condition of major systems (roof, plumbing, wiring) and the scope of any updates should be key inspection points, as they significantly influence value and future investment.
2. Is the assessed value a reliable indicator of the market price?
The $459k assessment is an administrative value for tax purposes. The home sold for between $550k and $600k in June 2024, which is the true market indicator. Assessments often lag behind rapid market changes, so recent sale prices are a more accurate gauge.
3. What does the living area ranking actually tell me?
Ranking in the top 26% locally and top 17% city-wide for living area confirms that this home offers more interior space than a majority of comparable properties. This is a standout feature for the price point, making it appealing for families or those who desire spacious rooms.
4. How does the lot size compare, and what does it mean for me?
At 4,821 sq ft, the lot is slightly below average for Waterloo Street but typical for North River Heights overall. This translates to a manageable yard for gardening and recreation, but not an expansive private space. It aligns with the neighbourhood’s established, leafy character.
5. Where can I get verified sale price history for this property?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history and verified figures directly via email from the provider, who will manually look up the information and send it to you.