Property Overview: 350 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a 1925-built character property in the established North River Heights neighbourhood. With 1,472 sqft of living space on a 4,822 sqft lot, its size is comfortably average for the area and the wider city. The primary appeal lies in its value proposition. Its assessed value of $380k is notably below the average for both its street and neighbourhood, yet aligns closely with the Winnipeg city-wide average. This suggests a potential entry point into a desirable area at a relatively accessible price point, especially for a home with a larger-than-average city lot.
The property would suit a pragmatic buyer who values location and lot size over modern square footage. It’s ideal for someone comfortable with a century-old home’s character and potential maintenance considerations, seeing them as a fair trade-off for a lower price in a prime neighbourhood. A buyer with renovation or expansion plans might also find value in the established lot and the price headroom compared to neighbouring properties.
Frequently Asked Questions
1. Why is the assessed value so much lower than others on the street?
The home’s assessed value is in the bottom tier for Waterloo Street. This is typically due to a combination of its age (older than street average), smaller living area, and likely the home’s current condition or layout compared to updated or expanded neighbours.
2. What does the sold price range (CA$350k–400k) indicate?
The recent sale in late 2023 within this range confirms the property transacts below the neighbourhood average. It suggests the market validated the assessment, highlighting it as a more affordable option in the area.
3. As a century-old home, what should I be mindful of?
Built in 1925, major systems like roofing, plumbing, electrical, and the foundation may require inspection or updating. This is a key consideration for both maintenance budgeting and renovation plans.
4. How does the lot size compare, and what are the possibilities?
At 4,822 sqft, the lot is slightly below the street average but offers ample outdoor space for gardens, play, or entertaining. Its size is a strong asset and provides potential for future additions, like an extension or garage, subject to zoning.
5. Where can I get verified historical data, like exact past sale prices?
The provided sold price is an estimated range from public records. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as they do not have access to or display MLS sold data.