Property Overview
490 Waterloo Street is a well-established home in Winnipeg's North River Heights neighbourhood. Built in 1951, it sits on a generous 6,023 sqft lot and offers 1,527 sqft of living space. With an assessed value of $524,000, it presents a solid, mid-century property in a desirable area.
Key Characteristics, Appeal & Ideal Buyer
This home’s primary appeal lies in its strong positional value. While the house itself is of average size for its immediate street and neighbourhood, it stands out for its above-average lot size in North River Heights, offering more outdoor space than many nearby properties. Its assessed value is notably above average both for the wider city and the neighbourhood, suggesting a perception of quality and a desirable location.
The data reveals a thoughtful perspective: this is not an outlier in any single category but a consistently above-median performer across key metrics. It offers the stability of a mature, established area without being the oldest or newest home on the block. It would particularly suit buyers looking for a balanced proposition—a home with room to garden or expand, in a prime neighbourhood, without the premium price of a fully renovated or maximized property. It’s an ideal choice for someone valuing land size and location who is comfortable with a home from the 1950s.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $500,000 and $550,000 in July 2021. Its current assessed value of $524,000 places it in the top third of homes on Waterloo Street for value, indicating its assessment is competitive and slightly above the street's average.
2. Is the lot size a significant feature for this area?
Yes. At over 6,000 sqft, the lot ranks in the top 10% for size within the North River Heights area, making it a standout feature compared to neighbouring properties.
3. What does the "Year Built" ranking tell us?
Built in 1951, the home is newer than most in North River Heights (ranking in the top 7% for the area), but is older than the average Winnipeg home. This suggests you’re in a mature, established neighbourhood with homes that may have similar renovation timelines.
4. How reliable is the sold price data provided?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site.
5. Where can I see how this property compares visually to its neighbours?
You can use the provided "Open neighbourhood map analysis" link to view the property on a detailed map alongside nearby homes, comparing metrics like year built, lot size, and value directly.