471 Waverley Street

Property Overview: 471 Waverley Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This 1,329 sqft home, built in 1948 on a 4,824 sqft lot, presents a solid, mid-century offering in the established North River Heights neighbourhood. Its appeal lies in its balance and context. With an assessed value of $483k, it sits above the Winnipeg city-wide average, yet is competitively priced within its own desirable area and street—positioning it as a potentially efficient entry point into a mature community. The home’s living space is modest compared to some larger houses on Waverley Street itself, but is very much in line with the broader city average, suggesting a practical, manageable footprint.

The data reveals thoughtful perspectives: while the lot size is smaller than most on its street, it is near the neighbourhood average, offering a lower-maintenance yard without sacrificing outdoor space. Furthermore, the home is notably newer than many in North River Heights, which may imply updates or a construction era with modern amenities. It suits buyers seeking character and location over sheer size—perhaps first-time buyers moving into a family-oriented area, downsizers looking to stay in the neighbourhood with less upkeep, or value-focused investors attracted by its above-city-average assessment in a stable area.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
The home last sold between $450k-$500k in mid-2021. Its current assessed value of $483k is slightly below the current average assessed value for Waverley Street ($518.4k), suggesting it may be evaluated below the street’s prevailing market trend.

2. Is the lot size a disadvantage?
While the lot is smaller than the street average, it is close to the average for North River Heights. This typically means less yard maintenance while still providing private outdoor space, which can be a practical advantage for many.

3. What does the "above average" year built mean for the neighbourhood?
Built in 1948, this home is newer than about 88% of homes in North River Heights. In an area with many heritage properties, this could mean a layout or building systems that feel more modern, potentially with fewer concerns about very old plumbing or wiring found in earlier constructions.

4. How accurate is the sold price data provided?
The sold price is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site.

5. Are there any similar properties nearby for comparison?
The listing references nearby properties like 498 Montrose Street (a 1946 home, larger at 1,907 sqft, assessed at $529k) and 444 Waverley Street (a much newer and larger 2021 build assessed at $1.27M). These highlight the range of options in the area, from renovation-ready character homes to new constructions.