352 Waverley Street

Property Overview: 352 Waverley Street, Winnipeg

Key Characteristics & Appeal

This home at 352 Waverley Street in North River Heights is a property defined by its spacious interior and premium assessed value within a well-established neighbourhood. Built in 1922, it is a century-old character home that offers significantly more living space than most, ranking in the top 4-7% for square footage across Winnipeg. With 2,412 sqft, it provides ample room for a growing family or those who value generous interior proportions. The assessed value of $894k places it firmly among the elite tier of homes in the area, ranking in the top 2-4% when compared to the neighbourhood and city, which signals a high-quality build, desirable location, or significant updates.

Its appeal lies in this combination of classic charm and modern premium standing. While the lot size is fairly typical for the central area, the home itself is a standout in terms of space and official valuation. It would particularly suit buyers looking for a established, character-rich home in a prime inner-city neighbourhood who prioritize interior space over a newer build or an exceptionally large yard. A thoughtful perspective for this buyer is to balance the joy of abundant living area with a clear understanding of the maintenance and potential renovation needs inherent to a 104-year-old structure, ensuring the charm is matched by sound mechanics.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring homes?
The assessed value of $894k ranks in the top 4% on its street and top 2% in North River Heights. This premium valuation typically reflects factors like extensive renovations, high-quality finishes, additions, or a particularly desirable lot placement that official assessments recognize.

2. What should I know about owning a home built in 1922?
While offering classic character, a home of this age requires diligent attention to its major systems. Prospective buyers should prioritize inspections focused on the foundation, plumbing, electrical wiring, and roof to understand the home's current condition and anticipate future upkeep.

3. The last sold price appears much lower; what does that mean?
Records show it last sold for between $300k-$350k in 2017. The significant jump to the current assessed value likely indicates a major transformation of the property through a substantial renovation or addition in the intervening years, fundamentally changing its market value.

4. Is the lot size a limitation?
At 5,208 sqft, the lot is around the average for North River Heights. It provides standard urban outdoor space but may not suit those seeking extensive gardens or sprawling yards. The value here is concentrated in the home's interior space and location.

5. How can I verify the exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the service provider, who will perform a manual lookup.