Property Overview: 439 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 439 Waterloo Street in North River Heights presents a distinct profile defined by its compact size and established neighbourhood. Built in 1944, it sits on a roughly 4,800 sqft lot, which is typical for the area. The most notable characteristic is its living area of 888 sqft, which is significantly below the average for similar homes on its street, in the neighbourhood, and across Winnipeg. This creates a specific dynamic: the assessed value of $440k is around the middle range for the immediate area but is considered above average when viewed across the entire city, suggesting you are paying a premium for the location rather than the size of the home.
Its primary appeal lies in securing a foothold in a desirable, established neighbourhood like North River Heights without the price tag of a larger home on the same block. It suits buyers who prioritize location and land over interior square footage—think minimalist homeowners, downsizers, or investors looking for a character home with renovation potential. A thoughtful perspective is that this property represents an efficient entry point into a top-tier neighbourhood, where the value is anchored more by the community and lot than by the current structure. It’s a practical choice for someone comfortable with a cozy layout who values walkable amenities and mature streets over expansive rooms.
Frequently Asked Questions
1. Why is the assessed value relatively high for a smaller home?
The assessed value reflects the property’s location in North River Heights, a sought-after neighbourhood. Value here is driven more by land value, community amenities, and historic character than by living area alone compared to the city-wide average.
2. What does the sold price range (CA$450k–500k) indicate?
The recent sale in late 2024 within this range confirms the market supported a price above the $440k assessed value. This suggests strong demand for well-located properties in the area, even with modest square footage.
3. Is the smaller living area a concern for resale?
It defines the property’s niche. It will likely always appeal to a specific segment of the market (e.g., singles, couples, downsizers) rather than growing families, which can streamline future marketing but may limit the pool of potential buyers.
4. How does the year built (1944) affect this home?
As an older home, it may require careful inspection for updates to major systems like wiring, plumbing, or insulation. However, its age is typical for the neighbourhood, which is full of well-maintained character homes from this era.
5. Where can I get verified sale history and exact figures?
The provided data is compiled from public sources. For fully verified transaction history and exact sale prices, you must contact the site directly via email for a manual lookup, as they do not have access to or display MLS copyright records.