Property Overview
This home at 433 Waverley Street in North River Heights presents a solid, above-average offering in several key areas. Its primary appeal lies in its generous living space and strong value positioning within a desirable, established neighbourhood. Built in 1941, it is a classic character home that has been well-maintained over time.
Key Characteristics & Appeal
The 1,837 sqft living area is notably spacious, ranking within the top 30% on its own street and the top 16% city-wide. This makes it an excellent choice for families or those who value ample room without the footprint of an oversized property. With an assessed value of $525,000, it sits above the average for both the wider city and the North River Heights area, suggesting a premium for its location and condition. The lot size of 4,823 sqft is more compact than others on Waverley Street but is typical for the neighbourhood overall, offering manageable outdoor space.
This property would suit buyers looking for a move-in-ready character home in a prime location, who prioritize interior space over a vast yard. It’s particularly appealing for those seeking a established, tree-lined community with a history, rather than a new development. A thoughtful perspective is that its "above average" rankings city-wide indicate a strong foundational value, while its more average standing on its own prestigious street suggests it's among good company, offering a balance of distinction and neighbourhood consistency.
Frequently Asked Questions
1. How does the home’s age affect its value and potential needs?
Built in 1941, the home is older than the Winnipeg average. This often means charming character details but also suggests that major systems (like plumbing, electrical, or the roof) may have been updated over time. A thorough inspection is recommended to understand the state of these components.
2. The lot is smaller than others on the street. Is this a disadvantage?
While the lot is below average for Waverley Street specifically, it is around the typical size for North River Heights. This can mean less yard maintenance and a more efficient use of space, which many modern buyers appreciate. It still provides room for a garden or patio.
3. What does the sold price history indicate?
Records show it sold between $550,000 and $600,000 in late 2022, a price that placed it in the top 9% city-wide at the time. This past sale demonstrates the strong market demand for well-positioned homes in this area.
4. How does the assessed value relate to the likely market price?
The current assessed value of $525,000 is a municipal valuation for tax purposes. Market price is determined by current buyer demand. The home’s assessed value being above city and neighbourhood averages is a positive indicator of its official valuation.
5. Are there newer, more expensive homes nearby?
Yes. The listing shows a nearby property built in 2021 with a value over $1 million. This indicates a neighbourhood in demand where older homes coexist with significant new investments, which can be a positive signal for long-term value.