Property Overview: 379 Waverley Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 379 Waverley Street presents a compelling mix of established character and above-average valuation. Built in 1928, it is an older home on its street but fits the typical age profile for the broader North River Heights area. With 1,731 sqft of living space, it offers more room than the average Winnipeg home and is competitively sized for its neighborhood. The lot of 4,816 sqft is smaller than most on Waverley Street but is fairly standard for the city overall.
The primary appeal lies in its strong financial positioning. The home’s assessed value of $568,000 places it consistently in the top tiers—above average for its street, neighborhood, and significantly above the Winnipeg average. This suggests a property that holds inherent value, likely due to its location, size, or condition. Recent sale data (2023, in the $600k-$650k range) confirms a market value well above the citywide average.
This property would suit a buyer looking for a character home in a desirable, established neighborhood like North River Heights, who values space and investment potential over a large yard. It’s ideal for someone comfortable with the maintenance considerations of an older home but reassured by its robust assessed and recent market value. The smaller lot relative to its street could mean less outdoor upkeep, a subtle benefit for some.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is smaller than most lots on Waverley Street, it is around the average for both North River Heights and Winnipeg. This typically means a more manageable yard for maintenance, but potentially less privacy or space for expansions like a large deck or addition compared to immediate neighbors.
2. The home was built in 1928. What should I consider?
As a home nearing 100 years old, prospective buyers should prioritize a thorough inspection. Key focuses would be the condition of foundational elements, plumbing, electrical systems, and the roof. While it requires due diligence, the home’s age is typical for the charm and build quality found in this neighborhood.
3. Why is the assessed value so much higher than the city average?
The assessed value reflects the property’s location in North River Heights, a sought-after neighborhood, combined with its above-average living area. It indicates that the property, even as an older home, is in a higher-value segment of the market, which is corroborated by its recent sale price.
4. What does the recent sold price tell me?
The home sold between $600,000 and $650,000 in August 2023. This actual sale price, significantly above the citywide average, demonstrates strong market demand and validates the higher assessed value. It provides a concrete recent benchmark for the property’s worth.
5. How can I get the exact historical sold prices?
The provided data shows sold price ranges. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup via email from the site. This is due to industry rules that prevent the display of exact MLS sold data on public platforms.