Property Overview: 478 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 478 Waterloo Street in North River Heights presents a compelling mix of space, established value, and location. Its primary strength is its generous 2,205 sqft of living area, which places it comfortably within the top 15% for size both on its street and in the wider city. This suggests a home well-suited for a growing family or those who value ample indoor living space over an expansive yard. The assessed value of $637,000 significantly outpaces local and city-wide averages, indicating a property perceived as above-average in its market tier.
The appeal lies in this combination of a spacious interior within a mature, sought-after neighbourhood. Built in 1948, it is a classic example of the area's character but is notably newer than many homes in North River Heights. A thoughtful perspective is that while the lot size is slightly below average for Waterloo Street, it is typical for the broader area. This points to a property where the investment has been prioritized in the home's footprint and perceived value rather than in extensive grounds, ideal for buyers who prefer lower-maintenance outdoor space.
This property would best suit buyers looking for a move-in-ready, spacious home in a prime established neighbourhood, who are comfortable with a valuation that reflects its desirability. It’s a strong option for professionals or families seeking character without the extreme upkeep of an older century home, and who value interior space for living and entertaining.
Frequently Asked Questions
1. How does the lot size impact the property?
At 4,821 sqft, the lot is slightly smaller than the average on Waterloo Street but is standard for North River Heights. This typically means a more manageable yard for maintenance, while still providing private outdoor space.
2. What does the assessed value tell me about this home?
An assessment of $637,000, which is in the top 10% for the area, signals that the municipal tax authority attributes a high market value to the property compared to peers. It generally reflects factors like location, living area, and condition.
3. The home was last sold in 2016. Is recent sales data available?
Exact sold price data is not publicly displayed here due to industry regulations. You can request the full transaction history and exact figures via email through this site for a manually verified report.
4. How does the year built (1948) compare to the neighbourhood?
Built in 1948, this home is actually newer than the average home in North River Heights. This can suggest potentially updated infrastructure or layouts compared to many of its older neighbours, while still offering classic neighbourhood character.
5. Where can I see how this property compares visually to nearby homes?
You can open the neighbourhood analysis page for a map view to compare this property with nearby houses in detail based on year built, living area, assessed value, and lot size.