Property Overview: 245 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 245 Waterloo Street in North River Heights presents a compelling blend of established character and above-average value. Built in 1927, it is an older home on its street but fits the typical age profile for the wider neighbourhood. With 1,568 sqft of living space, it offers a practical footprint that is comfortably above the Winnipeg average. The lot size of 4,821 sqft is standard for the area, providing adequate outdoor space without extensive maintenance demands.
The primary appeal lies in its strong value position. The assessed value of $532,000 ranks well above average compared to homes across Winnipeg, North River Heights, and even on Waterloo Street itself. This suggests a property that may offer more inherent value or desirable features for its price tier than many counterparts. Its last known sale was in early 2017, indicating a potentially long-term, stable ownership history.
This property would suit a buyer looking for a character home in a mature, established neighbourhood who prioritizes value and space. It’s ideal for someone comfortable with the realities of an older home (built 1927) but who appreciates a living area larger than what’s typical city-wide. It may also attract value-conscious buyers who see potential in a well-located property that already stands above average in its assessed worth.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means this home’s municipal assessment is higher than a significant majority of comparable homes in Winnipeg (top 15%), in North River Heights (top 23%), and on its own street (top 29%). This often reflects factors like lot location, home size, condition, or improvements that the city assesses as adding value.
2. The home is older than most on its street. Should I be concerned?
While it’s true the 1927 build date is older than the street average, it is very close to the average build year for the broader North River Heights neighbourhood. This is typical for many established central Winnipeg communities. A thorough inspection is always advised to understand the condition and any updates.
3. How does the lot size compare?
At 4,821 sqft, the lot is slightly smaller than the average on Waterloo Street but is very close to the standard for North River Heights. It represents a manageable yard size, which can be a positive for those seeking less outdoor upkeep.
4. Can I get the exact historical sale price?
The site shows the last sale (March 2017) in a price range. Due to data display rules, obtaining the exact figure requires a manual lookup. You can request this information directly via the email link provided on the detail page.
5. The home sold nearly a decade ago. What does that indicate?
A single sale in the last eight+ years suggests a period of stable, long-term ownership. This can sometimes mean the owners have invested in maintenance and updates, but it also makes recent comparable sales data for this specific property less available. Market value should be established through a current appraisal and analysis of recently sold nearby homes.