401 Waverley Street

Property Overview: 401 Waverley Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 401 Waverley Street is a well-established property in the desirable North River Heights neighbourhood, built in 1945. Its primary appeal lies in offering above-average space and value within its context. With 2,013 square feet of living area, the home is notably larger than most comparable properties in Winnipeg, ranking in the top 11% city-wide. The 6,019 sqft lot is also generous for the North River Heights area, placing it in the top 10% locally, which allows for more outdoor space than many neighbouring homes.

The assessed value of $583,000 positions it above average for the street, neighbourhood, and city, suggesting a perception of solid quality and desirability. A less obvious point of appeal is its vintage; built in 1945, it is actually newer than many homes in North River Heights, potentially meaning fewer immediate heritage-era updates compared to older stock in the area. The home last sold in mid-2017 for an estimated $450,000-$500,000.

This property would best suit buyers looking for a character home with established roots in a prime neighbourhood, who prioritize interior space and a larger lot over a brand-new build. It’s ideal for someone who appreciates the mature setting of North River Heights and sees value in a home that stands above local and city averages in key metrics.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At just over 2,000 sqft, this home is larger than the average both on its street and in the wider North River Heights area. It offers more interior space than approximately 83% of similar homes in the neighbourhood.

2. What does the assessed value tell me about this property?
The $583,000 assessment is consistently above average across all comparison levels—street, neighbourhood, and city. This typically indicates the property is considered higher in value due to factors like location, size, condition, or improvements relative to others.

3. Is the lot size a significant feature?
Yes. While the lot is around average for Waverley Street itself, it is significantly larger than the typical lot in North River Heights, ranking in the top 10% for the area. This provides more private outdoor space than many surrounding properties.

4. The home was built in 1945. What should I consider?
While 81 years old, it’s worth noting this home is newer than the average for North River Heights. This could imply building materials and layouts that are somewhat more modern than many character homes in the area, though a thorough inspection for age-related maintenance is always essential.

5. Can I find out the exact past sale price?
The site provides an estimated sale price range from 2017. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.