Property Overview: 470 Waterloo Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 470 Waterloo Street in North River Heights presents a specific and compelling value proposition. Built in 1948, it is a well-situated, character home on a standard-sized lot (just under 5,000 sq ft). Its key characteristic is its modest living space of 958 sq ft, which is notably smaller than most homes on its street and in the immediate area. This is balanced by a strong assessed value of $440k, which is above the Winnipeg citywide average, reflecting the enduring desirability of the location.
The primary appeal lies in its efficient footprint within a prime, established neighbourhood. It suits buyers seeking an entry point into a sought-after area without the maintenance of a larger house, such as downsizers, small households, or investors. A thoughtful perspective is that its smaller size, while a compromise on space, could translate to lower utility costs and less upkeep, allowing owners to invest more in quality renovations or enjoy the neighbourhood amenities. Its recent sale in 2023 suggests a modernized interior may already be in place.
Section 2: Frequently Asked Questions
1. Is the house significantly smaller than its neighbours?
Yes. At 958 sq ft, the living area is below average for Waterloo Street and the North River Heights area. This indicates a more compact, likely bungalow-style home compared to the larger, two-story homes common in the neighbourhood.
2. How does its value compare?
Despite its smaller size, its $440k assessment is robust. It ranks above average citywide and around average for its immediate area and street, indicating you are paying predominantly for the location and lot within a prestigious neighbourhood.
3. What does the recent sale history tell us?
It sold in May 2023 for between $450,000 and $500,000. This recent transaction, close to its current assessed value, provides a solid, modern benchmark for its market price.
4. Is the lot size a drawback?
At 4,821 sq ft, the lot is slightly below average for the street but is very typical for the broader North River Heights area. It provides a standard urban yard space.
5. How can I get the exact past sale price?
The provided data shows a price range. Due to industry regulations, exact sold prices are not published online here. You can request the precise figure via email from the site, which they will provide manually without using your details for marketing.