Property Overview: 201 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 201 Waterloo Street in North River Heights is a property of interesting contrasts, defined by its above-average interior space within a century-old structure. Built in 1923, it offers 1,846 sqft of living area, which ranks within the top quarter of homes locally and citywide, suggesting a spacious and well-proportioned layout. With an assessed value of $502,000, it sits above the Winnipeg average but presents as a more accessible entry point within its own desirable neighbourhood and street, where average values are higher.
The appeal lies in this balance: you acquire significant interior space and a prime North River Heights location, while the assessed value indicates a potentially lower property tax burden than many immediate neighbours. The lot size, at 4,821 sqft, is typical for the area. A key, less obvious perspective is that a 1923 build date, while requiring due diligence, often comes with a level of craftsmanship and architectural character harder to find in newer homes. This property would suit a buyer who values space and location over a modern build, and who is prepared for the maintenance or thoughtful updates a 103-year-old home may require. It’s a practical choice for someone seeking established neighbourhood charm without the highest price point on the block.
Frequently Asked Questions
1. How does the 1923 build year affect this property?
While older than most homes on its street and in the city, this age is typical for the character of North River Heights. It implies potential for classic architectural details but necessitates a thorough inspection for updates to major systems like wiring, plumbing, and insulation.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($502k) is for municipal tax purposes. Market value is determined by current conditions. Notably, its assessed value is below the street average ($552k), which may influence buyer interest and final sale price.
3. The home sold in 2016. What can that price tell us?
The previous sale (2016, between $450k-$500k) provides a historical benchmark. Given market changes and the home’s above-average spatial rankings, it is a useful data point but not a predictor of the current market value.
4. What does the "above average" living area ranking practically mean?
Ranking in the top 24% locally means this home offers more interior space than approximately 76% of homes in North River Heights. For buyers, this suggests better room sizing, layout, or total square footage compared to many alternatives in the area.
5. How can I get the exact historical sale price?
The provided data shows a price range. Due to industry regulations, exact sale prices are not published online here. You can request the precise figure via the email lookup service provided on the listing page.