Property Overview: 419 Waterloo Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 419 Waterloo Street in North River Heights is defined by its compact efficiency and its position in a well-established neighborhood. Built in 1944, it sits on a roughly 4,800 sqft lot, which is typical for the area. The most defining characteristic is its living space: at 867 sqft, it is notably smaller than most homes on its street and in North River Heights, placing it in the bottom tier for size locally. This translates directly to its assessed value of $387k, which is below the area average but aligns closely with the average for the entire city.
Its appeal lies in being an attainable entry point into a desirable, mature neighborhood. The value is in the location and the land, not in a large or modernized structure. It suits practical buyers such as first-time homeowners comfortable with a cozy footprint, downsizers seeking a manageable property without leaving the area, or investors looking for a rental property in a stable location. A thoughtful perspective is that this property represents the "bones" of the neighborhood—it offers a chance to own a classic lot and home, with the understanding that any significant increase in living space or modern comfort would come from renovation or expansion.
Section 2: Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value of $387k is for municipal tax purposes. Notably, it sits slightly below the North River Heights average but is very close to the city-wide average. The last known sale was between $300k-$350k in late 2022. Market conditions, the home's condition, and specific buyer demand will determine the final price.
2. How does the small living area compare practically?
At 867 sqft, this is a compact home. It is significantly smaller than the average home on Waterloo Street (~1,633 sqft) and in North River Heights (~1,540 sqft). Buyers should be prepared for efficient use of space and consider if the layout meets their needs or if a renovation is a future priority.
3. What does the lot size mean for potential?
The lot of 4,822 sqft is standard for the area. It provides a good-sized yard for a city home and offers potential for outdoor living or gardening. For the right buyer, it also presents the possibility for future additions, subject to local zoning and permit regulations.
4. Is the age of the home a concern?
Built in 1944, the home is older than the city-wide average. This typically means potential for character but also necessitates a thorough inspection for aging components like the roof, plumbing, electrical systems, and insulation. Its age is actually slightly newer than many homes in North River Heights.
5. How can I get the exact historical sold prices for this property?
The site provides sold price ranges based on public data. Due to industry rules, exact MLS sold figures are not displayed online. You can request the full, verified transaction history by emailing the site directly; they will provide the information manually at no cost.