Property Overview: 473 Waverley Street, Winnipeg
Key Characteristics & Appeal
This 1,296 sqft home, built in 1948, sits on a 4,825 sqft lot in North River Heights. Its appeal lies in its established neighbourhood setting and its position as a solid, mid-century property. The home presents a practical footprint, larger than the Winnipeg city-wide average for living space, making it suitable for a small family, a couple, or a downsizer seeking single-level living (subject to floor plan confirmation).
The data reveals a nuanced value proposition. With an assessed value of $477,000, it sits above the city-wide average, reflecting the desirability of the area. However, within its own immediate street and neighbourhood, its value and lot size are around or below average. This suggests the property may offer a more accessible entry point into North River Heights compared to larger, higher-valued homes on the same block. The lot, while smaller than others on Waverley Street, is near the average for the broader neighbourhood, indicating a manageable outdoor space. A thoughtful perspective for a buyer is the home's age: at 78 years old, it is newer than many in North River Heights, which could imply potentially fewer legacy maintenance issues than some neighbouring properties, though a thorough inspection remains essential.
This property would best suit a buyer who prioritizes location in a mature community over having the largest lot or most modern home on the street. It’s for someone seeking character and stability, who is comfortable with a home of this era and sees potential in its established footprint.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $477,000 is for municipal tax purposes and serves as a benchmark. It indicates the home is valued above the Winnipeg average. The actual selling price will be determined by current market conditions, the home's specific condition, and recent sale prices of comparable properties.
2. Is the lot size a significant drawback?
While the lot is smaller than the average on Waverley Street, it is closer to the average for the wider North River Heights area. It offers a manageable yard space. For buyers seeking extensive gardens or large outdoor additions, it may be limiting; for those preferring less maintenance, it could be an advantage.
3. What should I consider given the home's age?
Built in 1948, the home will have the character and construction methods of its time. Key focuses for a buyer should be the condition of major systems (roof, plumbing, electrical, foundation) and any updates that have been made. Its age is actually newer than many homes in the neighbourhood, which is a relative positive.
4. How does this property compare to others nearby?
The data shows this home has a smaller living area and lot than many on its own street, but it aligns more closely with neighbourhood and city averages for size. Its value is also positioned in the middle of the pack locally. It represents a more typical, established home for the broader area rather than a standout on its specific block.
5. Where can I find verified past sale prices?
The listed sale price from 2019 is presented as a range. For fully verified and exact historical transaction figures, you must request a manual lookup from the site provider, as this data is not sourced from the MLS.