Property Overview: 199 Waterloo Street, North River Heights
Key Characteristics & Appeal
This home presents a distinct profile within Winnipeg’s desirable North River Heights neighbourhood. Built in 1922, it is a century-old character home, offering above-average interior space (1,676 sq ft) compared to the city-wide average, on a moderately sized lot. Its assessed value of $410,000 sits below the average for its immediate street but is aligned with broader area and city averages, suggesting it may offer a value-oriented entry point into the neighbourhood.
The appeal lies in this balance of space, location, and price. It suits buyers seeking character and established streetscapes over new construction, and who are prepared for the realities of an older home. It’s a practical choice for those who want the amenities and prestige of North River Heights without the premium price tag of a fully updated or larger lot property. A thoughtful perspective is that its "below-average" valuation on a street of higher-valued homes could represent a long-term value opportunity as the neighbourhood evolves, assuming one is comfortable with potential renovation needs common for a home of this age.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $410,000 is for municipal tax purposes. The last known sale was between $350,000-$400,000 in late 2020. The current market price will be influenced by condition, updates, and market trends, and may differ significantly from these figures.
2. What are the considerations with a home built in 1922?
A home of this age offers charm and established neighbourhood character but requires careful attention to aging infrastructure. Prospective buyers should prioritize inspections for the foundation, roof, plumbing, electrical systems, and insulation to understand any needed updates or repairs.
3. The lot size is noted as "below average" for the street. How impactful is this?
At 4,821 sq ft, the lot is smaller than many on Waterloo Street but is close to the average for North River Heights overall. This typically means a smaller backyard but also less maintenance. It’s a trade-off that prioritizes interior space and location over extensive private outdoor space.
4. Is the sold price data for this property complete?
The sold price history shown is based on publicly available data, not the MLS. To obtain the exact, verified sale history, you must request it directly via the email service provided on the listing page.
5. What does the "around average" ranking for living area actually mean?
It means the home’s interior square footage is competitive. It ranks in the top 34% compared to similar homes in North River Heights, indicating it offers more space than many area homes, which is a key advantage for an older property.