Property Overview: 344 Waverley Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 344 Waverley Street presents a compelling mix of established character and above-average substance for its location. Built in 1933, it’s a classic North River Heights property offering 1,809 sqft of living space, which is notably spacious compared to both the neighbourhood and city-wide averages. The lot size of 5,208 sqft is very typical for the area, providing a balanced outdoor space without excessive maintenance.
The primary appeal lies in its strong value proposition within a desirable, mature neighbourhood. The assessed value of $624,000 ranks well above average at the city and community level, suggesting a home with premium features or finishes for its class. This isn't a starter home; it's a solid, mid-tier property in a sought-after area. It would particularly suit buyers looking for the character and stability of an older home, but who prioritize more interior space than many vintage properties offer. It’s also a sensible choice for those who value a strong assessed value relative to the market, which can indicate good long-term equity positioning. A less obvious point is that its age, while requiring due diligence, often comes with construction quality and architectural details harder to find in newer builds.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,809 sqft, the living area is larger than the average home in North River Heights (1,540 sqft) and significantly above the Winnipeg city-wide average (1,342 sqft). On Waverley Street itself, it is comfortably above the local average of 1,692 sqft.
2. What does the assessed value tell us?
The $624,000 assessment is substantially higher than averages for the street, neighbourhood, and city. This typically reflects factors like lot value, home size, condition, and improvements, positioning it in the top tiers of comparable properties.
3. Are older homes like this a concern?
Built in 1933, the home is older than most on its street and in the city. This necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. However, it is around the average age for North River Heights, a neighbourhood prized for its character homes from this era.
4. What was the recent sale history?
Records indicate the property sold in September 2023 for a price between $600,000 and $650,000. For verified, exact sale figures, a manual lookup through the site’s provided service is required.
5. Is the lot size typical?
Yes. At 5,208 sqft, the land area is very close to the North River Heights average and is a standard city lot size. It is smaller than the average lot on Waverley Street specifically, but provides a manageable yard space.