Property Summary: 459 Waverley Street, Winnipeg
Key Characteristics & Appeal
This home at 459 Waverley Street in North River Heights is a classic 1942-built property that presents a balanced, middle-of-the-road profile in a desirable neighbourhood. With 1,417 sqft of living space, it sits comfortably within the average range for both the area and the wider city, offering a practical footprint for everyday living. Its assessed value of $481,000 is notably above the Winnipeg city-wide average, reinforcing the enduring value of the North River Heights location, though it is typical for the immediate street and neighbourhood.
The appeal here is one of stability and established community. The lot size of 4,824 sqft is smaller than most on Waverley Street itself, which could mean less maintenance and a more manageable yard—a potential upside for some buyers. The home’s age (84 years) is typical for the character-filled streets of North River Heights, suggesting a neighbourhood with mature trees and settled charm, but it also implies that a buyer should be prepared for the updates and maintenance that come with an older home.
This property would best suit a buyer looking for a straightforward entry into a proven, central neighbourhood without extreme outliers in size or value. It’s a sensible choice for those who prioritize location and community character over a brand-new build or a very large lot. The historical sale data indicates steady appreciation, appealing to buyers with a long-term, stability-focused mindset.
Frequently Asked Questions
1. How does the lot size compare, and what does it mean for me?
While the lot is smaller than the average on Waverley Street, it is around the norm for North River Heights overall. This typically translates to less yard work and lower exterior maintenance costs, which can be a practical advantage.
2. The home was built in 1942. What should I consider?
A home of this age likely has classic charm but may require attention to aging components like plumbing, electrical, windows, and the roof. A thorough inspection is essential to understand the condition and plan for any necessary updates or renovations.
3. The assessed value seems high compared to the city. Why?
The assessment is above the Winnipeg average primarily due to its location in North River Heights, a long-established and sought-after neighbourhood known for its amenities, schools, and central accessibility. This reflects a location premium.
4. What do the past sale prices indicate?
The property sold in 2019 and again in 2020, each time within a higher percentile range compared to city-wide sales. This pattern suggests the home has held its value well within its market segment, demonstrating consistent demand for the location.
5. How can I find out the exact past sale prices?
The provided data shows sale price ranges. To obtain the exact historical sale figures, you must request them directly via email from the site provider, as they manually look up and share this information due to industry data restrictions.