Property Overview: 300 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 300 Waterloo Street in North River Heights is defined by its compact efficiency and established neighborhood character. Built in 1928, it is a smaller, classic property with 928 sqft of living space, which is notably below the average for both the street and the area. This positions it as a more affordable entry point into a desirable neighborhood. The assessed value of $387k is comfortably below the local averages but aligns closely with the wider Winnipeg average, suggesting fair value within the city context.
The appeal lies in its substantial 4,822 sqft lot, which is on par with area norms, offering valuable outdoor space relative to the home's footprint. This presents a classic "value in the land" scenario, ideal for those who prioritize yard space over a large interior or who see long-term potential. It would suit first-time buyers, downsizers, or practical investors seeking a lower-maintenance property in a prime location without the premium price tag of a larger home. A thoughtful perspective is that its smaller size and older vintage may offer simpler, more economical renovation opportunities compared to more complex modern layouts, appealing to those with a phased improvement plan.
Frequently Asked Questions
1. Is this home significantly smaller than its neighbors?
Yes. With 928 sqft of living area, it ranks in the bottom 10% for size on Waterloo Street and in the North River Heights area. This is its most defining characteristic.
2. How does the assessed value compare?
The $387,000 assessment is below average for the immediate street and neighborhood, but is very close to the average assessed value for the entire City of Winnipeg. This suggests you are paying primarily for the location and lot.
3. What can the recent sale price tell us?
Records indicate it sold between $400,000 and $450,000 in November 2023. This sale price was in a higher tier city-wide (top 31%) than its assessment is, which may reflect market competition for well-located homes.
4. Is the lot size a redeeming feature?
The 4,822 sqft lot is around the average for North River Heights. For a home of this size, the yard space is a significant asset and is proportionally much larger than the interior living space.
5. How can I get the exact historical sale prices?
The site does not display exact MLS sold figures. You must request the exact sale history via email, and they will provide the verified details manually at no cost.