445 Waterloo Street

Property Overview: 445 Waterloo Street, Winnipeg

Key Characteristics & Appeal

This home at 445 Waterloo Street in North River Heights is a classic, mid-century property built in 1944. With 1,312 sqft of living space on a 4,822 sqft lot, its size is comfortably average for the city and its immediate neighborhood. The core appeal lies in its value proposition. The home’s assessed value of $390k is notably below the average for both Waterloo Street and the broader North River Heights area, suggesting a potentially more accessible entry point into this established community. Recent sale history indicates stable value in the $350k-$400k range.

This property would suit a practical buyer—perhaps a first-time homeowner or a downsizer—who prioritizes location and lot size over a large interior footprint. It’s for someone comfortable with a home of this era, who sees the value in a neighborhood with character and is potentially looking for a property where the land itself represents a significant portion of the asset. The below-average assessment relative to the street and area could indicate an opportunity for the right buyer, though it may also reflect the home’s condition or update level.

Frequently Asked Questions

1. Why is the assessed value lower than the neighborhood average?
A lower assessment can be due to several factors, including the home’s size, its condition, the level of updates, or specific features. It’s important to view the property in person to understand what the assessment reflects.

2. What does the sale history tell us?
The home sold in 2023 and previously in 2019, both times within the $350k-$400k range. This suggests a stable market value over recent years, without dramatic price fluctuations.

3. Is the living space sufficient for a family?
At 1,312 sqft, the living area is modest. It may work well for a small family, a couple, or an individual. The nearly 5,000 sqft lot, however, offers valuable outdoor space that can extend the usable living area.

4. How does the age of the home affect things?
Built in 1944, the home is older than the Winnipeg city average. This typically means charming character but also necessitates a careful inspection for the condition of major systems like plumbing, electrical, and the foundation, which may be original or require updating.

5. How can I get the exact past sale prices?
The provided data shows price ranges. To obtain the exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS-sourced sold data directly on the page.