Property Overview
292 Waverley Street is a character home in Winnipeg's North River Heights neighbourhood, built in 1921. Its primary appeal lies in its generous living space and strong assessed value relative to the market. The home offers 2,233 sqft of living area, which places it well above average for its street, neighbourhood, and the wider city. With an assessed value of $643,000, it similarly ranks in the top tiers for its area, suggesting a solid and premium valuation.
The lot size of 5,207 sqft is more typical for the neighbourhood and city, though it is somewhat smaller than other lots on Waverley Street. The home’s age is a defining characteristic; built over a century ago, it is notably older than most comparable properties. This presents a classic trade-off: the charm and potential architectural details of an older home come with the understanding that updates and maintenance are likely part of its story. It last sold in late 2019 for between $450,000 and $500,000.
This property would suit a buyer looking for established character and space in a desirable neighbourhood, who is prepared for the realities of an older home. It’s ideal for someone who values above-average interior square footage over a vast yard and sees the higher assessed value not just as a price tag, but as an indicator of the home’s standing in a competitive area.
Frequently Asked Questions
1. How does the assessed value relate to the likely listing or sale price?
The assessed value of $643,000 is for municipal tax purposes and is a strong indicator of the property’s official valuation. While sale prices are influenced by current market conditions, this assessment places the home in the top 10% for North River Heights, suggesting a premium market position.
2. What should I consider with a home built in 1921?
A home of this age likely has character features but may require careful attention to foundational, electrical, plumbing, and insulation systems. Prospective buyers should budget for a thorough inspection and potential updates, while also appreciating the craftsmanship and history that newer homes often lack.
3. The lot is smaller than others on the street. Is that a major drawback?
While the lot is below average for Waverley Street specifically, it is generally on par with the North River Heights and city-wide averages. This means you’re acquiring a standard-sized lot for the area, but with the benefit of a larger-than-average house situated on it.
4. The living area is significantly above average. How does that impact the home?
With 2,233 sqft, the home offers substantial interior space, ranking in the top 11% for the neighbourhood. This is a key advantage for growing families, those who work from home, or anyone who prioritizes spacious rooms and layout flexibility over extensive outdoor space.
5. Can I find out the exact price it sold for in 2019?
The provided data shows a sold price range. For fully verified and exact historical sale figures, you would need to request that information directly via email, as this site does not display MLS sold records due to industry regulations.