Property Overview: 312 Waterloo Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 312 Waterloo Street in North River Heights is a property defined by its strong value proposition and established character. Built in 1925, it is an older home in the context of its immediate street and neighbourhood, offering classic charm with the understanding that maintenance and updates are part of its story. With 1,344 sqft of living space, it provides comfortable, average-sized accommodation for the area.
The primary appeal lies in its financial standing. The home’s assessed value of $529k places it consistently above average—ranking in the top 29% on its street, top 24% in North River Heights, and top 15% citywide. This suggests a perception of solid value and desirability within its market. The lot size of 4,822 sqft is around average for the area, offering decent outdoor space. Recent sale data indicates it sold between $550k-$600k in late 2024, a price point that outperformed many peers locally.
This property would best suit a pragmatic buyer who appreciates character but prioritizes a sound investment in a well-regarded neighbourhood. It’s ideal for someone not intimidated by the care an older home may require and who sees value in a home that already holds a strong assessed value position. It could be a fit for a small family, a couple, or an investor looking at the long-term stability of North River Heights.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means this home’s official city assessment is higher than most comparable properties. On its own street, it’s valued higher than roughly 71% of similar homes. This often reflects factors like lot location, previous improvements, or the overall desirability of the specific property, but it doesn't automatically predict future sale price.
2. The home is noted as older than average. What should I consider?
Built in 1925, this home is older than about 85% of city-wide comparable properties. This isn’t uncommon for established neighbourhoods like North River Heights, but it warrants a close look at the condition of major systems (roof, plumbing, electrical, foundation) and potential need for updates. The character of an older home comes with a different maintenance profile than a newer build.
3. How does the recent sold price relate to the assessed value?
The home sold for an estimated $550k-$600k in October 2024, which is moderately above its $529k assessed value. This is a typical pattern where market sale price meets or exceeds assessment, confirming the property’s market value is strong. The sale price ranked in the top 15% for the area, indicating competitive bidding.
4. Is the living space small for the neighbourhood?
At 1,344 sqft, it is somewhat smaller than the immediate street average (1,633 sqft) but very close to the city-wide average for comparable homes. It offers efficient, manageable space. For some buyers, this represents a more affordable entry point into the neighbourhood without sacrificing the location or lot size.
5. Where can I get verified details on the exact sale history?
The provided sold price is an estimate based on public data. To obtain the exact, verified sale price and full transaction history, you must request it directly via the provided email service. Due to industry rules, this detailed MLS data is not published directly on the site.