Property Overview: 321 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 321 Waterloo Street in North River Heights is a classic, century-old property (built 1925) that presents a balanced opportunity. With 1,396 sqft of living space and a 4,822 sqft lot, its size is consistently around the average for its immediate street, neighborhood, and even city-wide. This suggests it’s a manageable, mid-sized home without being overly compact or sprawling.
Its primary appeal lies in its value positioning and established location. The assessed value of $480,000 is notably above the Winnipeg city-wide average for comparable homes, yet it sits below the average for both Waterloo Street and the North River Heights area. This creates a potential value proposition: you're acquiring a home in a desirable, mature neighborhood at an assessed value that is competitive within that context. It suits buyers looking for character in a prime area without the premium price tag of a larger or fully renovated home, and who are prepared for the realities and potential costs of maintaining a 101-year-old structure. The last known sale was between 2016-2025 for an estimated $400k-$450k, indicating significant equity growth since then.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
The data suggests it could be. The home’s assessed value is below the average for both Waterloo Street and North River Heights overall, while offering a lot and living space that are typical for the area. This may indicate a price point that allows entry into the neighborhood.
2. What are the implications of the home being built in 1925?
As a century-old home, it is older than most on its street and in the city. Buyers should budget for potential updates to major aging systems (like plumbing, electrical, or the roof) and factor in a thorough inspection. This age also often brings character and solid construction not always found in newer builds.
3. How does the lot size compare?
At 4,822 sqft, the lot is slightly smaller than the average on Waterloo Street but very close to the average for North River Heights. It provides a standard urban yard for the area—sufficient for gardening and outdoor space without excessive maintenance.
4. Why is the city-wide assessed value ranking so much higher?
The home ranks in the top 23% city-wide for assessed value, meaning it's valued higher than most homes in Winnipeg. This highlights the premium associated with the North River Heights neighborhood compared to the broader city market.
5. How can I find out the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup via email from the service, as they do not display MLS data directly.