Property Overview: 340 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a modern, high-value home built in 2021, offering a rare combination of new construction and established neighbourhood charm. Its primary appeal lies in its significant size and premium standing. With over 2,150 sqft of living space, the home is notably larger than most in the city, neighbourhood, and even on its own street. This is complemented by an elite assessed value of $1.2M, placing it in the top 1% of homes across North River Heights and Winnipeg overall, indicating a premium property in terms of finish, location, or both.
The home suits buyers seeking a move-in-ready, modern property without the wait or uncertainties of new construction, all within a mature area. It’s ideal for those who prioritize spacious, contemporary interiors over a very large yard, as the lot size is average for the area. The data suggests a buyer profile that values low-maintenance, modern efficiencies and high-end finishes, and who is making a long-term investment in one of the city’s more prestigious neighbourhoods.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessed value reflects the home's recent construction (2021), its substantial square footage, and presumably high-quality materials and finishes. It is a truly modern home in an area where most properties are much older, commanding a premium.
2. What does the "average" land area mean for a property like this?
While the home itself is exceptionally large and new, the lot is typical for North River Heights. This indicates the focus was on building a spacious home, possibly with a two-story or larger footprint, rather than on extensive outdoor space. It's a trade-off that offers modern living in a classic neighbourhood setting.
3. How reliable is the sold price data shown?
The sold price range provided is based on publicly available data, not the MLS. For fully verified, exact transaction figures, you must request a manual lookup via email from the site, as industry rules prevent the display of official MLS records here.
4. Given its top-tier value, what are the likely property taxes?
With an assessed value in the top 1% for the city, prospective buyers should budget for property taxes that are significantly higher than the Winnipeg average. Consulting the city's tax rate calculator with the exact assessed value is strongly recommended.
5. Is the home's modern style consistent with the neighbourhood?
North River Heights is known for its character homes, often from the early-to-mid 20th century. A 2021 build stands out as a contemporary addition. This appeals to those wanting modern amenities and layout, but buyers should be aware the architecture may differ from the traditional streetscape.