320 Waverley Street

Property Overview: 320 Waverley Street, Winnipeg

Key Characteristics & Appeal

This home at 320 Waverley Street in North River Heights presents a compelling blend of established character and above-average value within its broader market. Built in 1913, it is notably older than most homes in the area, offering classic charm and likely solid construction, but also implying a greater need for attention to maintenance and updates. With 1,733 sqft of living space, it provides more room than the average Winnipeg home and is competitively sized for the neighbourhood. Its assessed value of $530,000 sits above the citywide average, positioning it as a premium offering in the wider market, yet it remains in line with values on its own street.

The appeal lies in its established location and the space it offers. The lot size of 5,208 sqft is very typical for North River Heights, providing a good balance of yard space without excessive upkeep. This property would best suit a buyer who appreciates the character of a century-old home and is prepared for the responsibilities that come with it. It’s ideal for someone looking for a well-located home in a desirable neighbourhood, who values space over newness, and who may see potential in personalizing a property with a long history. A thoughtful perspective is that its "above-average" citywide metrics suggest you are paying for location and lot, while the home itself represents a project or a canvas.

Frequently Asked Questions

1. What does the sold price history indicate?
The property sold in July 2023 for an estimated $550,000-$600,000. This sale price ranked within the top 30% on its street and top 11% citywide, indicating strong market demand and that buyers have recently paid a premium for homes in this location.

2. How does the age of the home affect its value and condition?
Built in 1913, it is among the oldest 10% of homes in Winnipeg. This can mean charming architectural details and sturdy materials, but it also necessitates diligent inspections for foundational integrity, outdated plumbing or electrical systems, and energy efficiency. The assessed value factors this in, placing more weight on land and location.

3. Is the assessed value a reliable indicator of the listing or sale price?
The assessed value ($530k) is for municipal tax purposes and is typically lower than market value. The 2023 sale price well above this assessment confirms that market value is driven by recent sales, condition, and buyer competition. It’s a baseline, not a price tag.

4. How does the lot size compare, and what are the implications?
At 5,208 sqft, the lot is very typical for North River Heights but smaller than the average lot on Waverley Street itself. This suggests the street has a mix of property sizes. The lot is ample for a garden and outdoor space but may not offer as much privacy or expansion potential as some larger lots on the block.

5. How can I get the exact historical sale prices?
The provided sold price is an estimated range from public data. For fully verified and exact sale figures, including the precise price from 2023, you must request a manual lookup via email through the site, as this information is not sourced from the MLS.