Property Overview: 364 Waverley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 364 Waverley Street in North River Heights is a classic, mid-century property that represents a solid entry point into a desirable neighbourhood. Built in 1941, it offers 1,301 sqft of living space on a 5,208 sqft lot. The data reveals a property that is consistently "around average" within its immediate street and neighbourhood context for size, value, and lot, but stands out as "above average" in assessed value when viewed citywide. This suggests you are paying for the location as much as the structure itself.
Its primary appeal lies in its established setting. North River Heights is known for its mature tree canopy, quiet streets, and convenient access to amenities, schools, and major routes. The lot size is very typical for the area, offering manageable outdoor space. The home would suit a first-time buyer or downsizer looking for a foothold in a stable community without the premium of a fully renovated or oversized property. It’s a pragmatic choice for someone who values neighbourhood character over a brand-new build and is prepared for the potential updates a home of this age may require. A thoughtful perspective is that its citywide value ranking indicates a certain resilience and recognition beyond its immediate block, which can be a stabilizing factor.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for between $350k-$400k in October 2017. The current assessed value is $456k. This increase reflects broader market trends and the specific valuation for property taxes, not necessarily a current market price.
2. Is the living space smaller than others on the street?
Yes, at 1,301 sqft, it is below the street average of ~1,692 sqft for comparable homes. This indicates it is a more modestly sized home on Waverley Street, which may appeal to those seeking lower maintenance or utility costs.
3. What should I consider about the home’s age?
Built in 1941, the home is older than 80% of citywide comparables. Prospective buyers should prioritize inspections for foundational integrity, plumbing, electrical systems (like knob-and-tube wiring), and insulation to understand any needed updates.
4. How does the lot size impact potential?
At 5,208 sqft, the lot is slightly larger than the neighbourhood average but smaller than others on Waverley Street. It provides standard backyard space but may have limitations for large additions or pools, depending on zoning setbacks.
5. How can I get the exact historical sale data?
The site notes that exact sold prices are not displayed publicly due to industry rules. You must request this information directly via email from the service, and they will provide a manual lookup.