Property Overview: 414 Waverley Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,827 sqft home, built in 1941, sits on a 5,210 sqft lot in the established North River Heights neighbourhood. Its primary appeal lies in offering above-average space and value within a wider city context. The living area is notably larger than the Winnipeg average, providing ample room for a growing family or those who value spaciousness. With an assessed value of $526,000, the property ranks above average for both the neighbourhood and the city, suggesting a solid investment in a desirable area.
The home’s character is typical of its era, offering the potential for classic architectural details. Its lot size is consistent with the local area, providing a balanced yard without excessive maintenance. A less obvious perspective is that its "around average" rankings on its own street for key metrics like size and value indicate it fits seamlessly into the streetscape, avoiding the premium often attached to outlier properties while still holding its own.
This property would suit buyers looking for a character home in a mature neighbourhood who prioritize interior space over a massive lot. It’s ideal for those comfortable with a home of this age, appreciating its potential charm and understanding that updates may be part of homeownership. It represents a practical choice for professionals or families seeking a established community with a strong sense of place.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home sold in July 2022 for between $550,000 and $600,000. This sale price ranked in the top 26% for the street at the time, indicating it was a strong performer compared to its immediate neighbours.
2. Is the lot size a disadvantage?
The lot is slightly smaller than the average for Waverley Street but is very close to the average for North River Heights. It provides a manageable outdoor space that is typical for the central neighbourhood, balancing yard area with lower maintenance.
3. What does the "above average" city-wide ranking mean for assessed value?
Ranking in the top 16% city-wide for assessed value means this property is valued higher than approximately 84% of homes in Winnipeg. This reflects the combined desirability of the North River Heights location and the property's characteristics.
4. As a home from 1941, what should I consider?
While the building age is typical for the area, a home of this vintage will likely have had various updates over the decades. A thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation, and to identify any original features that may require maintenance or modernization.
5. How can I verify the exact historical sold price?
The precise sold price is not publicly displayed due to industry regulations. You can request the exact figure by emailing the site; they will manually look up the verified transaction history and provide it directly to you.