Property Overview & Appeal
This home at 418 Waverley Street in North River Heights is a classic, mid-century property that presents a practical entry point into a desirable neighbourhood. Built in 1941, its 1,331 sqft living space and 5,210 sqft lot are modestly sized for the immediate street but align more closely with the averages for the broader area and city. A key characteristic is its assessed value of $390k, which sits notably below the average for both Waverley Street and North River Heights. This suggests a potential value opportunity for a buyer willing to invest in updates, as the home may be priced more accessibly than its neighbours. Its last recorded sale was between $350k-$400k in April 2023.
The appeal lies in securing a home in a well-established, central neighbourhood at a relative value. It would suit first-time buyers or practical downsizers who prioritize location over move-in perfection and are prepared for the maintenance or modernization that can come with an 85-year-old home. A thoughtful perspective is that while the house is smaller than many on its street, it occupies a standard city lot, offering normal outdoor space and potential for future expansion, subject to regulations.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data indicates it is. The home’s assessed value is in the bottom quarter for both Waverley Street and North River Heights, meaning you are buying into the area at a price point below many comparable properties.
2. What should I consider about the age of the home?
Built in 1941, major systems like roof, plumbing, wiring, and insulation may be original or nearing the end of their service life. A thorough inspection is crucial to budget for necessary updates, which also presents an opportunity to customize.
3. How does the lot size compare?
At 5,210 sqft, the lot is smaller than the average on Waverley Street but is typical for North River Heights. It provides standard backyard space for a city home, which is a positive compared to newer, denser subdivisions.
4. Can I get the exact historical sale price?
The exact sale price from April 2023 is not publicly displayed on this site. You can request the exact figures via email, and the service will manually look up and provide the verified transaction history.
5. The living area seems smaller than nearby homes. Is it cramped?
At 1,331 sqft, it is indeed smaller than the average home on its street. However, this size is very close to the city-wide average and can be efficient for a smaller household. The floor plan’s layout will be more important than the square footage alone in determining how it lives.