Property Overview: 380 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 380 Waterloo Street is a 1,040 sqft character house built in 1925, situated on a 4,822 sqft lot in the established North River Heights neighborhood. Its assessed value is $432k.
The primary appeal lies in its position within a desirable, mature area, offering a balance of character and lot size that is increasingly rare. While the living space is notably smaller than most homes on its street and in the immediate area, it is closer to the city-wide average, suggesting a more efficient or cozy footprint. The lot size is fairly typical for North River Heights, providing good outdoor space relative to the home's size. A thoughtful perspective is that this property represents an entry point into a prime neighborhood, where the value is anchored more in the land and location than in the square footage of the structure. It suits buyers looking for character, a lower-maintenance interior space, and the potential to personalize or expand over time, all within a well-regarded community.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 1,040 sqft, the living area is below the average for both Waterloo Street and the broader North River Heights neighborhood. This indicates a more compact home compared to many in the area, which often feature larger footprints.
2. Is the assessed value in line with the neighborhood?
Yes. With an assessed value of $432k, this home sits around the average for North River Heights. It is assessed higher than the Winnipeg city-wide average, reflecting the premium for the location.
3. What is the significance of the lot size?
The 4,822 sqft lot is around the average for North River Heights. This provides a substantial yard for an urban setting, which is a key asset and offers potential for outdoor living or future expansion.
4. The home was last sold in late 2020. Can I find out the exact sale price?
The provided data shows a sold price range of CA$350k–400k for December 2020. To obtain the exact sale price and full transaction history, you must request a manual lookup via email from the service, as they do not display MLS sold records on the site.
5. Given its age, what should I consider?
Built in 1925, this home is older than most on its street and in the city. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major systems (like plumbing, electrical, and foundation) common to houses of this era, while also appreciating the classic craftsmanship and character.