Property Overview: 418 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home on Waterloo Street in North River Heights presents a solid, mid-century property built in 1944. With 1,428 sqft of living space and a 4,821 sqft lot, its size is comfortably average for the neighbourhood and city. The data reveals a nuanced position: while the lot is smaller than most on its street, the home's assessed value of $462k sits above the Winnipeg citywide average, suggesting a desirable location. It last sold in mid-2022 for an estimated $500k-$550k, a price point that ranked highly compared to citywide sales.
The appeal lies in its established, mature neighbourhood setting and its relative value within the broader Winnipeg market. It suits practical buyers looking for a character home in a prime area without an oversized lot to maintain. It’s a property that trades some interior and land space (compared to immediate street averages) for the enduring appeal and stability of North River Heights. A thoughtful perspective is that this home represents a balanced entry into a sought-after area—you’re paying more for the location than for an exceptionally large house or yard, which could be ideal for those prioritizing community over expansive private space.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around the middle of the pack on Waterloo Street itself, but it ranks above average for both the North River Heights area and significantly higher than the Winnipeg citywide average. This indicates you are investing in a well-regarded location.
2. Is the lot size a disadvantage?
At 4,821 sqft, the lot is below the average for Waterloo Street but is typical for North River Heights overall. It means less yard maintenance than larger lots on the street, which could be a benefit for some, but offers less private outdoor space than some direct neighbours.
3. What does the sold price data from 2022 tell us?
The estimated sale price range of $500k-$550k in July 2022 placed it in the top 26% of sales for North River Heights and the top 16% citywide at that time, highlighting strong market demand for properties in this location.
4. Are homes from the 1940s a concern?
Built in 1944, the home is older than the Winnipeg city average but is typical for North River Heights. This suggests potential for classic architectural charm but also means a thorough inspection is crucial to understand the condition of major aging components like the roof, plumbing, and wiring.
5. How can I get the exact historical sale prices?
The exact sale figures are not publicly displayed due to industry regulations. You can request the full transaction history by emailing the site directly; they will provide the verified details manually at no cost.