Property Overview: 335 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 335 Waterloo Street is a classic North River Heights property built in 1924, offering a blend of established character and practical value. With 1,321 square feet of living space on a 4,822 sqft lot, its size is comfortably average for the immediate street and neighbourhood, but positions it above the citywide average for living space. Its assessed value of $484,000 is notably above the Winnipeg average, yet sits below the average for Waterloo Street itself, suggesting a potential value proposition within a desirable location.
The appeal lies in its balance. It’s a home in a mature, sought-after neighbourhood without a premium for extreme size or a completely modern build. It suits buyers who appreciate the stability and tree-lined streets of North River Heights and are looking for a character home with room to grow or personalize. It would also appeal to a value-conscious buyer seeking an entry point into the area, who is comfortable with the maintenance considerations of a century-old home. A thoughtful perspective is that its "below average" year built (102 years old) isn't just a note on potential upkeep; it represents a home with history and likely architectural details absent in newer builds, appealing to those who value uniqueness over modernity.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value ($484k) is below the average for Waterloo Street ($552k) but above the averages for both North River Heights ($479k) and Winnipeg overall (~$390k). This indicates it is a mid-range property on its specific street, but a solid investment within the broader market.
2. What should I consider about a home built in 1924?
While offering charm and character, a home of this age will likely have older infrastructure. Prospective buyers should budget for potential updates to systems like wiring, plumbing, or insulation, and are advised to seek a thorough professional inspection.
3. Is the lot size typical for the area?
At 4,822 sqft, the lot is slightly smaller than the average on Waterloo Street but is very close to the average for North River Heights. It provides a generous urban yard space that is consistent with the neighbourhood feel.
4. Can I find out the exact price it last sold for?
The site indicates a sale occurred around August 2020, with a price range of CA$350k–400k. To obtain the exact sale price and full history, you must request a manual lookup via email from the service, as they do not display MLS sold records directly.
5. What does the "above average city-wide" assessed value mean for me?
This suggests the property holds its value well compared to the entire Winnipeg market. For a buyer, it indicates a stable asset in a established neighbourhood, though it also means property taxes will be calculated from a higher base than a truly average city home.