Property Overview
432 Waverley Street is a 1,292 sqft home built in 1942 on a 5,204 sqft lot in Winnipeg’s North River Heights neighbourhood. With an assessed value of $402,000, it presents a specific value proposition within its context.
Key Characteristics, Appeal & Ideal Buyer
This home’s primary appeal lies in its position as a more accessible entry point into a well-established neighbourhood. While its living space and lot size are below the averages for Waverley Street itself, they are much more aligned with—or even slightly above—the broader city averages. This creates an interesting dynamic: you’re acquiring a character home in a mature area without paying the typical premium for above-average lot or home size on that specific street.
The data suggests a property that has been maintained and updated over its 84-year history, as its assessed value holds up well citywide. It would suit a first-time buyer or a downsizer seeking the stability and charm of North River Heights without the footprint or price tag of a larger estate home. It’s for someone who values location and community over sheer square footage, and who may see potential in a home that is modest for its immediate street but solid within the wider market.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $402,000 is close to the city-wide average for comparable homes. Recent sold data from 2022 and 2017 shows the property has transacted within the $300k-$400k range, suggesting the assessment is a reasonable benchmark, though market conditions will ultimately determine the price.
2. How does the lot size impact future potential?
At 5,204 sqft, the lot is smaller than most on Waverley Street but is near the average for North River Heights. This may limit extensive expansions or additions compared to neighbours, but it still allows for garden space and is manageable for maintenance.
3. What should I consider about the home’s age (built in 1942)?
The home is older than the city-wide average. This typically means character and established landscaping, but a thorough inspection is crucial to understand the condition of major systems like wiring, plumbing, and the foundation, which may need updating or have ongoing maintenance needs.
4. The home seems smaller than others on the street. Is that a concern?
Yes, the living area is below the street average. This translates to a more efficient, potentially cozier layout and likely a lower purchase price relative to the street. It’s a trade-off: you gain the location but with less interior space than some neighbours.
5. How can I verify the exact past sale prices?
The site provides sold price ranges for transparency. To obtain the exact historical sale figures, you must request them directly via email, as this data is manually verified and not displayed publicly due to industry regulations.