Property Overview: 415 Waverley Street, Winnipeg
Key Characteristics & Appeal
This home at 415 Waverley Street in North River Heights presents a compelling blend of space, location, and value. Its primary strength is its generous living area of 2,170 sq ft, which ranks well above average for the neighbourhood and the wider city, offering more interior room than most comparable homes. Built in 1941, it is a character home typical of the area, with an assessed value that sits comfortably around the local average. The lot size is modest for the immediate street but is generally in line with the neighbourhood, suggesting a manageable yard with less maintenance.
The appeal lies in acquiring a spacious, established home in a desirable neighbourhood without a premium price tag. The data indicates you get more house for your money here compared to the city-wide market. It would suit buyers who prioritize interior space and character over a large yard, and who are looking for a solid value proposition in a prime location. A thoughtful perspective is that its "around average" assessment for the area could represent a stable entry point without the volatility of a highly priced or undervalued asset, while the above-average interior space offers a tangible daily benefit.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in December 2023 for an estimated $450,000–$500,000. The current assessed value is $488,000, placing the sale within that recent price band and suggesting the assessment is in line with the market.
2. Is the lot size a disadvantage?
While the lot is smaller than most on Waverley Street, it is near the average for North River Heights overall. This typically means lower maintenance and landscaping costs, which can be an advantage for many buyers.
3. What should I consider about a home built in 1941?
While full of character, a home of this age will likely have had various updates over the decades. A key part of your evaluation should be understanding the condition and age of major systems like the roof, plumbing, wiring, and windows, as well as the home's insulation and energy efficiency.
4. How does this property’s value compare to its neighbours?
The assessed value is very typical for North River Heights. Notably, the home offers significantly more living space than the area average, which suggests its value is driven more by its interior size than its lot.
5. Where can I get verified sale history and exact figures?
The displayed sold price is an estimate from public records. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site via email, as they do not have access to MLS sales data.