Property Overview: 327 Waverley Street, Winnipeg
Key Characteristics & Appeal
This home at 327 Waverley Street in North River Heights presents a compelling mix of established character and above-average valuation. Built in 1921, it is a mature property with a living area of 1,722 sq ft, which is spacious compared to the Winnipeg average. Its primary appeal lies in its strong assessed value of $644,000, which places it consistently in the top tiers for its street, neighborhood, and the wider city, suggesting a well-regarded location and property condition.
The data reveals interesting contrasts. While the home offers ample living space, its lot size of 4,816 sq ft is notably smaller than others on Waverley Street, though it aligns more closely with area and city averages. This creates a low-maintenance yard scenario within a prime area. The home last sold in July 2017 for an estimated $550k-$600k, and its current assessed value indicates significant appreciation since then.
This property would suit buyers seeking a character home in a desirable, established neighborhood like North River Heights, who prioritize interior space and location over a large lot. It’s ideal for someone who appreciates the charm of an older home but wants the confidence of an assessment that outperforms most peers. It may also attract value-conscious buyers looking for a solid investment in a proven market, where the property’s valuation consistently ranks in the top 6-15% across broader comparisons.
Frequently Asked Questions
1. Why is the assessed value so much higher than the last sold price?
The assessed value of $644,000 reflects the municipality's current valuation for taxation purposes, which considers market trends, improvements, and comparable sales. The home last sold in mid-2017 for an estimated $550k-$600k; the increase aligns with general market appreciation over the past seven years in sought-after neighborhoods.
2. How does the smaller lot size impact the property?
While the lot is smaller than many on its specific street, it is close to the average for North River Heights and Winnipeg overall. This typically means less yard maintenance, which can be a benefit for many, though it may limit expansion possibilities compared to larger lots.
3. What should I consider about a home built in 1921?
A home of this age offers classic charm and likely solid construction, but it's essential to investigate the condition of major systems (like plumbing, electrical, and foundation) and updates (like windows and insulation). Its older age is factored into its character and is typical for the neighborhood.
4. How accurate are the sold price and ranking data?
The sold price range is based on publicly available data, not the MLS, and is presented as a band. The comparative rankings for size, value, and lot are algorithmic estimates based on available municipal data, providing a useful benchmark rather than an absolute guarantee.
5. How can I get the exact historical sale details?
Due to industry rules, exact MLS sale figures are not published on the site. You can request the full transaction history and exact sold prices by emailing the provided contact; they will perform a manual lookup and send the information directly to you.