Property Overview
This home at 316 Waterloo Street presents a classic North River Heights character property built in 1925. With 1,244 sqft of living space on a 4,822 sqft lot, it offers a more compact footprint compared to some larger homes on its street, but remains squarely average for the wider area and city. Its assessed value of $424k positions it as a mid-range option within the neighbourhood, offering a potentially accessible entry point into this established community. The home’s century-old charm is a defining trait, appealing to those who appreciate heritage character, though it inherently suggests a focus on maintenance and potential updates.
The appeal here lies in a balance of location, lot size, and value. It suits a first-time buyer or downsizer seeking a manageable property in a prime neighbourhood without the premium price tag of a fully renovated or larger home. It would also attract a practical investor or homeowner with a vision for gradual updates, who values the generous lot for its outdoor potential or future expansion possibilities more than immediate square footage.
Frequently Asked Questions
How does this home’s value compare to its neighbours?
The home’s assessed value is around average for North River Heights but is notably below the average for Waterloo Street itself. This suggests you may be acquiring a similar location for a lower price point, often due to factors like the home’s smaller size or older condition relative to others on the block.
What are the implications of the home being built in 1925?
A home of this age offers classic charm and likely solid construction, but it also means prospective buyers should prioritize inspections for foundational integrity, plumbing, electrical systems, and insulation. Budgeting for ongoing maintenance and potential updates is a prudent consideration.
Is the living space sufficient for a family?
At 1,244 sqft, the living area is below average for Waterloo Street but typical for the city overall. It would suit a small family, a couple, or a single occupant comfortably. The nearly 5,000 sqft lot provides valuable outdoor space to extend living areas, especially in warmer months.
Why is there no sales history shown?
The provided data does not pull from the MLS system. You can request the exact sales history and verified figures directly via the email option on the listing page, and the team will manually retrieve and provide that information.
What is the potential here for the future?
The combination of a desirable location and a lot that is above average in size for the immediate area presents a key opportunity. For the right buyer, the property offers a foundation for landscaping projects, outdoor living spaces, or even a future addition (subject to zoning and permits), allowing the home to grow in value over time.