Property Overview: 311 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1927, situated on a standard-sized lot in the established North River Heights neighborhood. Its key appeal lies in offering a more accessible entry point into a desirable area. At 964 sqft, the living space is notably smaller than most homes on its street and in the neighborhood, positioning it as a manageable property rather than a sprawling one. The assessed value of $403k is below the local averages for Waterloo Street and North River Heights, but aligns closely with the wider Winnipeg average, suggesting you are paying primarily for the location.
The property would suit first-time buyers or downsizers seeking the mature trees, quiet streets, and community feel of North River Heights without the premium for a larger, modernized home. It’s a practical choice for those comfortable with a home of vintage character that may require updates, and who value land and location over square footage. A thoughtful perspective is that its smaller size and lot—while below street averages—could mean lower maintenance costs and less upkeep, a hidden benefit for the right buyer.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed value, this home is priced below the averages for both Waterloo Street and North River Heights, but is typical for the city overall. You are acquiring a location in a sought-after area, with the trade-off being a home with less living space than many of its neighbors.
2. How does the home's size compare to others nearby?
At 964 sqft, the living area is significantly smaller than the average home on Waterloo Street (~1,633 sqft) and in North River Heights (~1,540 sqft). This indicates it is one of the more compact properties in the area.
3. What is the history of sold prices for this home?
Public records indicate it last sold between $350,000 and $400,000 in November 2021. For fully verified and exact historical transaction figures, a manual records lookup is available upon request.
4. How does the lot size compare?
The lot is 4,821 sqft. This is below the average for Waterloo Street but is very close to the typical lot size for the broader North River Heights area.
5. The home was built in 1927. What should I consider?
A home of this age offers classic character but warrants a thorough inspection. Potential buyers should budget for possible updates to major systems like plumbing, electrical, or heating, which may be original or nearing the end of their service life.