150 Waterloo Street – Property Summary
Key Characteristics & Buyer Profile
This is an unusually large property, both in terms of living space and land. At 2,568 square feet, the home ranks in the top 8% on Waterloo Street and the top 2% citywide, making it significantly larger than most comparable Winnipeg homes. The land is even more exceptional: a 12,084-square-foot lot places it second on the street (top 1%) and in the top 3% across the city.
The home was built in 1956, which puts it in an interesting middle ground. It’s newer than many of its neighbours on Waterloo Street and in the Wellington Crescent area, but older than the citywide average. That means a buyer gets a property with architectural character from the mid-century period without the maintenance demands of a pre-war house.
The assessed value of $858,000 reflects the combination of size, location, and land. On the street, it’s above average (top 9%), and within the neighbourhood, it holds its own (top 30%). Citywide, it’s elite—top 2%—which signals that this is not a starter home or a modest family house. It’s a property for someone who values space, privacy, and a premium address.
Who it suits: Buyers who want a large, mature lot in a well-regarded neighbourhood, with a home that has room to grow or renovate. The land-to-house ratio is unusually high, so someone with an eye for landscaping, expansion, or future redevelopment potential would see value here. It’s less suited for someone looking for a turnkey modern home or a low-maintenance property.
Frequently Asked Questions
1. How does this property compare to others in Wellington Crescent?
Within the Wellington Crescent area, this home is slightly above average for living area and assessed value, but it really stands out for land size—it’s one of the larger lots in the neighbourhood. That gives it a competitive edge if you care about outdoor space or future options.
2. Is the assessed value a reliable indicator of market price?
Assessed value is a benchmark used for property tax purposes, not a direct market valuation. It does, however, reflect how the city compares this property to similar ones. The fact that it ranks in the top 2% citywide suggests strong relative value, but final sale price depends on condition, upgrades, and buyer demand.
3. What does the 1956 build year mean for maintenance?
A house from 1956 is likely to have original features that appeal to some buyers, but it also means older systems—plumbing, electrical, insulation, roof, windows. The good news is that it’s newer than most nearby homes, so you’re not dealing with 1940s construction standards. A thorough inspection is wise, especially for foundation and mechanicals.
4. How does the land size affect usability?
At over 12,000 square feet, the lot offers substantial room for gardens, a large deck, play areas, or even a future addition. Keep in mind that larger lots require more upkeep—lawn care, snow removal, landscaping costs—but also offer privacy and flexibility that smaller lots can’t match.
5. What’s the neighbourhood like for resale value?
Properties in the top percentiles citywide, especially for land and location, tend to hold value well. The Waterloo Street address and proximity to Wellington Crescent are established, desirable areas. Resale risk is relatively low compared to more average homes, though the higher price point means a narrower pool of qualified buyers.