Property Overview
This home at 201 Waverley Street in North River Heights is a property of notable size and stature within its context. Its primary appeal lies in its generous scale, both in the home itself and the lot it sits on, offering a rare combination of space and established neighbourhood charm. The house, built in 1924, is a century-old character home that presents a specific opportunity and set of considerations.
Key Characteristics & Appeal
The most defining feature of this property is its substantial size. With over 3,280 square feet of living area, it ranks in the top 1-2% compared to homes across Winnipeg and within the desirable North River Heights area. This places it among the largest homes available, suitable for a family seeking ample room or someone who values spacious, traditional layouts. The nearly one-sixth of an acre lot (7,218 sq ft) is also significantly larger than most in the neighbourhood, ranking in the top 3%, which allows for generous outdoor space, gardens, or potential additions—a rarity in mature areas.
Its appeal is for a buyer who prioritizes space and location over new construction. The assessed value of $793k reflects its elite standing in terms of size and lot, though it is important to note the home's age. Built in 1924, it is older than most comparable properties, indicating a classic character home that likely requires thoughtful updates and maintenance. This property would best suit a buyer with a vision for preserving or renovating a historic home, who appreciates the established trees and streetscape of North River Heights, and for whom interior and exterior space is a non-negotiable priority over modern build-year conveniences.
Frequently Asked Questions
1. What does the "Elite" ranking for living area actually mean?
It means this home's interior square footage is larger than 99% of all homes in Winnipeg and 99% of homes in North River Heights. You are getting a truly spacious property relative to the market.
2. The house is older than most. What should I consider?
A 1924 build offers classic charm and sturdy construction but necessitates a thorough inspection. Budget for potential updates to systems like plumbing, electrical, or insulation, and consider the style—it may have a layout different from modern open-concept designs.
3. The lot is large, but what are the implications?
A top 3% lot size in the neighbourhood provides excellent privacy, yard space, and potential. However, it also means higher property taxes relative to lot size and more upkeep for landscaping, snow clearing, and general maintenance.
4. How does the assessed value compare to the last sale price?
The property sold in July 2020 for an estimated $700k-$750k. The current assessed value of $793k is higher, reflecting market changes and the city's valuation of its substantial attributes. It's a data point for discussion, not a direct sale price.
5. Where can I get the exact historical sale prices?
The provided sold price is an estimated range from public data. For fully verified and exact sale figures, you must request a manual lookup via email from the site, as they do not display MLS sold records due to industry rules.