460 Waverley Street

Property Overview: 460 Waverley Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home is a classic North River Heights property built in 1942, offering 1,495 sqft of living space on a generous 5,854 sqft lot. Its appeal lies in its established neighbourhood setting and its strong positional value. While the house itself is of a moderate, functional size compared to others on the street, the lot size is notably above average for the wider North River Heights area, suggesting valuable outdoor space and potential. The assessed value of $517k sits above average for both the neighbourhood and the city, indicating a perception of solid worth in a desirable location.

This property would suit a buyer looking for a home in a mature, central neighbourhood without requiring a massive footprint. It’s a practical choice for small families, downsizers, or investors who appreciate the stability of River Heights. The data suggests you’re paying more for the location and land than for an exceptionally large house, which is a typical trade-off in sought-after areas. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—it’s not the newest or largest, but it holds its ground with a substantial lot in a prime area, offering a foundation for either comfortable living or future updates.

Frequently Asked Questions

1. How does this home’s size compare to others in the area?
At 1,495 sqft, the living area is slightly below the average for Waverley Street itself but is very close to the average for North River Heights as a whole. It offers a manageable size for the neighbourhood.

2. Is the assessed value in line with the recent sale price?
The home sold for between $500k-$550k in August 2024. The $517k assessed value falls directly within that sale price range, indicating the assessment is closely aligned with the recent market transaction.

3. What does the lot size tell us about this property?
The 5,854 sqft lot is a key feature. It ranks in the top 20% for size within North River Heights, meaning it offers more outdoor space than most area properties, which adds significant value.

4. Given its age (built 1942), what should I consider?
The age is typical for the core of North River Heights. Buyers should budget for potential updates to older mechanical systems, windows, or insulation that are common for homes of this vintage, while appreciating the character and established landscaping.

5. How can I find out the exact sold price?
The public data shows a sold price range. To obtain the exact figure, you must request a manual lookup via email from the site provider, as they do not display MLS sold records directly.