483 Waverley Street

Property Overview: 483 Waverley Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 483 Waverley Street in North River Heights is a classic post-war bungalow, built in 1948. With 1,158 sqft of living space and a 4,826 sqft lot, it presents a more compact footprint compared to many on its street, but one that is quite typical for the wider city. Its assessed value of $416k sits in a middle range—higher than the Winnipeg average but more accessible than many homes in this established neighbourhood.

The primary appeal lies in its location within a desirable, mature area, offering a balance of value and community. It suits first-time buyers or downsizers seeking an entry point into North River Heights without the premium for a larger property. The lot, while smaller than others on Waverley, is still a good size city-wide and offers manageable outdoor space with less maintenance. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—a solid, no-frills property where value is driven more by location than by size or luxury finishes. It’s a home for someone who values character and community over square footage, and who may see potential in updating a well-located property.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others nearby?
At 1,158 sqft, the living area is below the average for both Waverley Street and the North River Heights area, but is close to the average for the City of Winnipeg as a whole. It is a characteristically cozier post-war home.

2. Is the assessed value in line with the neighbourhood?
Yes. The $416k assessment is around the average for North River Heights. It positions the property in the middle tier for the neighbourhood, offering a value-oriented option in a sought-after area.

3. What is the history of sales for this property?
According to available data, the home sold previously in June 2017 for between $300k-$350k, and again in November 2024 for between $400k-$450k. Exact sale prices require a manual lookup from the provider.

4. How does the lot size impact the property?
The lot of 4,826 sqft is significantly smaller than the average lot on Waverley Street, but is fairly standard compared to the rest of North River Heights and the city. This means more manageable yard maintenance, but potentially less privacy or space for expansions compared to its immediate neighbours.

5. The home was built in 1948. What should I consider?
Built 78 years ago, this home is newer than many in North River Heights but older than the Winnipeg average. Prospective buyers should budget for and prioritize a thorough inspection of major aging components like the roof, foundation, plumbing, and electrical systems, which may need updating or will require a planned maintenance fund.