Property Overview: 289 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 289 Waterloo Street is a well-established property in the desirable North River Heights neighborhood. Built in 1925, it offers 1,739 sqft of living space on a 4,821 sqft lot, with a current assessed value of $507,000.
The appeal lies in its strong positional value. The living space is comfortably above the city-wide average, offering more room than most Winnipeg homes. Its assessed value also sits well above the city average, suggesting a solid level of finish and desirability for the area. While the lot is slightly smaller than others on its street, it is very typical for the North River Heights neighborhood itself. The home’s age (101 years) means it is older than most, which can appeal to buyers charmed by character homes, but it also implies a need for diligent maintenance and potential updates.
This property would best suit a buyer looking for a established, character-filled home in a prime central neighborhood. It’s ideal for someone who values space and location over a brand-new build, and who is prepared to steward a century-old home. It represents a step into an above-average market segment for the city, offering a balance of historic charm and practical living space.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value is above average for both the wider city and the North River Heights area, but is slightly below the average for Waterloo Street itself. This suggests you are getting a solid, valuable property for the neighborhood, potentially at a relative value compared to the immediate street.
2. What should I consider about a home built in 1925?
While full of character, a home of this age requires careful attention. Prospective buyers should prioritize thorough inspections for foundational integrity, plumbing, electrical systems (like knob-and-tube wiring), and insulation. The historical charm comes with the responsibility of ongoing maintenance.
3. Is the lot size a disadvantage?
The lot is smaller than others on Waterloo Street but is very typical for North River Heights overall. It provides a manageable yard space without excessive upkeep. For gardeners or those seeking expansive outdoor space, it’s worth noting; for those preferring less maintenance, it could be an advantage.
4. The sold price history shows ranges from 2016 and 2018. How useful is that?
While it shows the property traded in the $350k–$400k range several years ago, the market has shifted significantly. The current assessed value of $507k is a more relevant starting point for today’s market value, though the final sale price is always determined by current conditions.
5. How can I get the exact past sold prices for this home?
Due to data licensing rules, exact sold prices are not published on this site. You can request the full transaction history by using the “Request exact figures by email” link provided on the detail page. The service will provide the verified data directly to you.