Property Overview: 267 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 267 Waterloo Street is a classic North River Heights property built in 1925, offering a blend of established character and practical space. With 1,607 sqft of living area, it provides above-average space compared to the typical Winnipeg home, while its assessed value of $475K positions it as a solid, mid-range offering in the city. The lot size of 4,821 sqft is fairly typical for the neighbourhood.
Its primary appeal lies in its location within a desirable, mature community and its efficient use of space that outperforms many city-wide benchmarks. A thoughtful perspective is that this home represents a balance: it’s not the largest or newest on its street, but it offers a comfortable footprint in a prime area without the premium price tag of a fully renovated or expansive property. It suits buyers looking for a character home in a central neighbourhood who are comfortable with the maintenance considerations of a century-old structure, as well as those seeking a value proposition where their dollar buys more interior space than the Winnipeg average.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home sold in July 2021 for between $450K and $500K. Its current assessed value of $475K is below the street’s average assessed value of approximately $552K, suggesting it may represent a relatively more affordable entry point on Waterloo Street.
2. Is the lot size a disadvantage?
While the lot is below average for Waterloo Street, it is around the typical size for North River Heights. It provides a manageable yard space, which could be ideal for those seeking lower maintenance without sacrificing outdoor area entirely.
3. What should I consider about the 1925 build date?
As one of the older homes on the street (ranking in the top 85% oldest), potential buyers should prioritize a thorough inspection. This age can bring character and solid construction, but also likely requires attention to aging systems like plumbing, electrical, and the foundation.
4. How does the living space feel compared to newer homes?
At 1,607 sqft, the living area is slightly below the street average but above the city average. In a 1925 build, the room layout and flow may differ from modern open-concept designs, so considering how the space is configured for your lifestyle is important.
5. Where can I get verified historical sale data?
The provided sold price is based on public data. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.