Property Overview: 450 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 450 Waterloo Street in North River Heights presents a solid, mid-century property built in 1944. With 1,443 square feet of living space, it offers a practical footprint that is very close to the average for both the neighbourhood and the city. Its assessed value of $468,000 sits comfortably within the mid-range for North River Heights, but notably places it above average when compared to the wider Winnipeg market, suggesting good value within a desirable area.
The appeal lies in its established location and its position as a character home with modern relevance. While the lot size is slightly smaller than others on Waterloo Street, it remains consistent with typical area plots. The home last sold in late 2022, indicating a relatively recent market transaction. This property suits buyers looking for a genuine, no-fuss home in a mature neighbourhood—those who appreciate character but prioritize a sound investment in a stable community over a brand-new build or an oversized lot. It’s a practical choice for someone wanting to put down roots without the premium price tag of a top-tier property, yet still secure a home that holds above-average value citywide.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around the average for North River Heights but ranks above average compared to the entire city. On its own street, it sits in the middle of the range, meaning it’s neither the most nor least expensive property.
2. Is the living space smaller than average?
At 1,443 sq ft, it is slightly below the average for Waterloo Street itself but is very close to the average for the broader North River Heights area. City-wide, it actually provides more space than the average comparable home.
3. What should I know about a home built in 1944?
As an 82-year-old character home, it offers charm and established landscaping. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems, which may require updates.
4. How does the lot size impact the property?
The lot is 4,821 sq ft, which is somewhat smaller than others on its specific street. However, it is typical for the North River Heights area overall. This may mean a more manageable yard with less maintenance, but potentially less private outdoor space than some immediate neighbours.
5. Can I get the exact historical sold price?
The sold price from October 2022 is shown as a range. Due to data display rules, exact sold prices are provided manually upon request. You can submit an email request through the property page to receive the verified figures directly.