Property Overview: 482 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 482 Waterloo Street in North River Heights is a well-established property that stands out for its above-average space and value within its desirable neighbourhood. Built in 1949, the 1,776 sqft residence sits on a generous 6,037 sqft lot, offering more living area and land than most comparable homes in both the immediate area and across Winnipeg. Its assessed value of $582,000 consistently ranks within the top quarter of properties locally, indicating a perception of solid worth.
The appeal lies in its positional strength. It’s a property that outperforms many of its direct neighbours on key metrics like lot size and living space, suggesting a premium offering on its street. For a home of its era, it presents a compelling balance: it’s newer than many in the historic North River Heights area, yet it retains the character and established streetscape that define the community. It would suit buyers looking for a home with room to grow in a mature, sought-after neighbourhood, who appreciate a property that already holds a strong relative value position. The historical sale prices (approximately $550k-$600k in 2017 and $650k-$700k in 2021) show a trajectory of robust market performance.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows this home ranks above average for living space, lot size, and assessed value not just on its street, but across the wider North River Heights area. This means you’re getting more property—both in the house and on the land—than is typical for this specific, popular neighbourhood.
2. What does the assessed value tell me about the property?
With an assessment in the top 16% for North River Heights, the city views this property as more valuable than the vast majority of homes in the area. This is a strong indicator of its fundamental worth, though the final market sale price is determined by current buyer demand.
3. The home was built in 1949. Should I be concerned about its age?
While 77 years old, this home is actually newer than the average for North River Heights. The neighbourhood is known for its character homes, and this property’s vintage is consistent with the area’s charm. A thorough inspection is always recommended to understand the condition of major systems and any updates.
4. How stable has its value been over time?
Based on available sales data, the home has appreciated significantly between its 2017 and 2021 sales. This growth outpaced the average for the street, area, and city-wide market during those periods, suggesting strong, sustained demand for this specific property.
5. Where can I get verified, exact historical sale prices?
The figures shown are estimated ranges from public data. To receive the exact, verified sale prices and full transaction history, you can request a manual lookup by email through the site. This service is provided without obligation.