Property Overview: 454 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home, built in 1944, presents a practical opportunity in the established North River Heights neighborhood. With 1,248 sqft of living space and a 4,821 sqft lot, its scale is modest compared to some larger homes on Waterloo Street, but it aligns more closely with the averages for the broader area and city. This creates a specific appeal: it offers the desirable North River Heights location without the premium often associated with the neighborhood's largest properties.
The assessed value of $416k sits below the street average but is above the city-wide average, suggesting you are paying for location within a sought-after community. A thoughtful perspective is that this property could represent a "right-sized" option—manageable for downsizers, first-time buyers, or those seeking lower maintenance without sacrificing area prestige. Its last known sale was between $300k-$350k in mid-2016, indicating significant equity growth over the past eight years. The appeal lies in securing a character home in a prime, central neighborhood, with the understanding that a home of this age may benefit from updates, offering the next owner a chance to add their own value.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,248 sqft, the living area is smaller than the average home on Waterloo Street but is quite typical for the wider North River Heights area and is actually above the average for the entire city.
2. Is the assessed value reasonable for the area?
The $416k assessment is below the average for Waterloo Street itself, where many homes are larger, but it is above the Winnipeg city-wide average. This reflects the premium for the North River Heights location.
3. What might the previous sale price indicate?
The home sold for between $300,000 and $350,000 in July 2016. This historical price highlights the substantial market appreciation over the last eight years and provides context for the current assessed value.
4. What is the potential of the lot?
The 4,821 sqft lot is below average for the street but near the average for North River Heights. It offers standard outdoor space for the area, with potential for gardening or landscaping, but is not an unusually large or sub-dividable parcel.
5. How can I get the exact historical sale prices?
The provided sold price is a range from public data. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email from the site, as they do not display MLS sold records.