Property Overview: 423 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 423 Waterloo Street in North River Heights presents a specific and compelling value proposition. Built in 1944, it sits on a roughly 4,800 sqft lot, which is a fairly typical size for the immediate area. Its most defining characteristic is its compact living space of 864 sqft, which is notably smaller than most homes on its street and in the wider neighbourhood. This directly influences its assessed value of $390,000, which sits below the local averages but aligns closely with the typical Winnipeg home.
The primary appeal lies in its position as a potentially more accessible entry point into a well-established, desirable neighbourhood like North River Heights. It suits buyers who prioritize location and land over square footage, such as minimalist homeowners, downsizers seeking to maintain a community connection, or investors looking for a character home with renovation potential. The data suggests you are paying for the address and the lot, with the house itself offering a modest footprint. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—a chance to own a classic lot with a home that, due to its size, may have seen less extensive modernization, offering a clearer canvas for personalized updates.
Frequently Asked Questions
1. Why is the assessed value lower than many neighbours?
The assessed value is closely tied to the home's relatively small living area (864 sqft), which is significantly less than the neighbourhood averages. The value reflects the existing structure more than the land value or location premium.
2. What does the sold price history indicate?
The home last sold between $300,000-$350,000 in October 2017. This historical price, positioned in the lower percentiles for the area even then, reinforces the property's long-standing status as a more value-oriented option on this street.
3. Is the lot size a positive feature?
At 4,822 sqft, the lot is around average for North River Heights. It provides a good balance of outdoor space without the maintenance demands of a much larger yard, which can be a benefit for many buyers.
4. How does the year built affect this home?
Built in 1944, the home is slightly newer than many in North River Heights but older than the citywide average. Buyers should anticipate the potential for updates common to homes of this era, but it also comes with the classic character and established streetscape of the neighbourhood.
5. Where can I get verified sale history and exact figures?
The provided sold price is based on public data. For fully verified transaction history and exact sale prices, you must request a manual lookup via email through the site, as this information is not sourced from the MLS system displayed here.