Property Overview: 467 Waverley Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 467 Waverley Street is a classic North River Heights property built in 1948, offering 1,300 sqft of living space on a 4,825 sqft lot. Its assessed value of $494k positions it as a solid, mid-range offering in a desirable established neighbourhood.
The appeal lies in its balance and location. While the living space is modest compared to some larger homes on the street, it is comfortably above the city-wide average, suggesting a practical layout for everyday living. The property holds its value well, with an assessment that ranks above average citywide, indicating a good investment within a stable area. A thoughtful perspective is that the lot size, while smaller than others on Waverley Street, is actually near the average for the broader North River Heights area, meaning you get the neighbourhood appeal without the upkeep of an excessively large yard. The home’s age (1948) is newer than most in the immediate area, which may imply updates over the years or potentially fewer legacy maintenance issues than some older neighbours.
This property would suit first-time buyers or downsizers looking for an entry point into a well-regarded neighbourhood without a premium price tag. It’s also a practical fit for investors or homeowners who value location and community over sheer square footage, and who prefer a manageable outdoor space.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in August 2020 for between $400k and $450k. Its current assessed value of $494k reflects market appreciation and is above the city-wide average for comparable homes, suggesting strong value retention in this area.
2. Is the living space smaller than other homes nearby?
Yes, at 1,300 sqft, it is below the average for Waverley Street itself but is close to the average for the wider North River Heights area and is above the overall Winnipeg average. It represents a more compact, efficient footprint.
3. What does the lot size ranking mean for outdoor space?
The lot is in the bottom 11% on Waverley Street, where lots are typically larger. However, it ranks near the middle compared to all of North River Heights and Winnipeg. You’ll have a standard city yard for the area, which is often seen as an advantage for lower maintenance.
4. The home was built in 1948. What should I consider?
While 78 years old, this home is actually newer than many in North River Heights, ranking in the top 12% for the neighbourhood by year built. This is a relative advantage, but a thorough inspection is still essential to understand the condition of major systems like plumbing, electrical, and the roof.
5. How can I get verified historical sale data?
The provided sold price is an estimate from public data. For fully verified figures and a complete transaction history, you must request a manual lookup via email from the site, as they do not have access to MLS sales records.