Property Overview: 284 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a substantial, modern home in a well-established Winnipeg neighbourhood. Built in 2019, it offers over 2,400 square feet of living space, placing it in the top 10% of homes on its street and the top 4% city-wide for size. The home’s assessed value of $1.25M significantly outpaces area averages, ranking in the top 1% of North River Heights, indicating it is a premium property in both finish and scale.
Its primary appeal lies in the combination of new construction benefits—like modern building standards, energy efficiency, and minimal immediate maintenance—within a mature, sought-after neighbourhood. The lot size is typical for the area, meaning the value is driven by the home itself rather than an oversized parcel. This property suits buyers looking for a move-in-ready, spacious family home who want the character of an older neighbourhood without the renovation projects often associated with it. It would also appeal to value-conscious purchasers who understand that its elite assessment ranking, while leading to higher property taxes, strongly signals its premium construction and finishes relative to the surrounding market.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessment reflects the home's recent construction (2019), its significantly above-average living area, and presumed high-quality materials and finishes. It is valued as a new, large home within an older neighbourhood, hence its standing in the top 1% for the area.
2. What are the property taxes likely to be?
Taxes are calculated based on the $1.25M assessed value and the City of Winnipeg's annual mill rate. Given the elite assessment, prospective buyers should budget for taxes commensurate with a premium property, which will be substantially higher than the neighbourhood average.
3. How does the lot size compare?
At just under 5,000 square feet, the lot is average for North River Heights. This highlights that the property's premium is in the building, not the land. Outdoor space will be consistent with typical area lots but not expansive.
4. The home sold in 2017 for between $200k-$250k, but was built in 2019. What does this mean?
This sale likely reflects the transaction for the previous older home on the lot or the vacant land itself, prior to the construction of the current new build in 2019. It is not the sale history of the present house.
5. How can I verify the exact historical sale prices?
The displayed sold price is an estimated range from public data. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system.