Property Overview: 303 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This is a notably modern and high-value home in Winnipeg's North River Heights neighborhood. Built in 2023, it stands out for its new construction in an area of mostly older, established homes. The nearly 2,000 sqft of living space is comfortably above average for the street, neighborhood, and city, offering generous interior room.
The primary appeal lies in its premium positioning. With an assessed value of $905,000, it ranks in the top 2% of North River Heights and the top 1% city-wide, indicating a high-caliber property in terms of finish, amenities, or both. It represents a move-in-ready, contemporary home without the need for renovations, which is rare in this historic area.
The lot size is average for the neighborhood but smaller than many on its specific street. This suggests a focus on the home's modern footprint and design over expansive outdoor space. It would best suit buyers seeking a modern, low-maintenance lifestyle in a classic neighborhood, who prioritize new construction and high-end finishes over a large yard. It’s also a strong fit for those who value clear statistical prestige, as its metrics for value, size, and age consistently rank in the elite percentiles.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring homes?
The assessed value reflects the property's new construction (2023) versus the neighborhood's average home age (circa 1937-1946). This suggests superior building materials, modern systems, current design standards, and likely higher-end finishes that older homes would require significant investment to match.
2. Is the lot size a disadvantage?
While the land area is smaller than the street average, it is typical for North River Heights. The trade-off is a modern, spacious interior on a manageable lot. It appeals to those who prefer less yard maintenance but still want neighborhood amenities and character.
3. What does the sale history indicate?
Public data shows it last sold between $250,000-$300,000 in 2016, which was likely for the previous structure or land. The dramatic increase to the current assessed value is directly tied to the construction of the new home in 2023, demonstrating a complete transformation of the property.
4. How does this home compare to similarly priced properties elsewhere in Winnipeg?
At this value, it sits among elite properties city-wide. The difference is that here you are purchasing primarily a new, high-end home in a mature neighborhood, rather than potentially a larger estate or lot in a newer suburban development.
5. Where can I get verified historical sale data?
The provided data is from public sources. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site via email, as MLS records are not displayed here due to industry regulations.