Property Overview: 768 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 768 Waterloo Street in South River Heights presents a specific value proposition centered on its location and lot. Built in 1954, it is a newer construction compared to many homes on its street, where the average build year is 1946. With 1,030 sqft of living space, the house itself is notably smaller than most in the immediate area and neighborhood, ranking in the top 10% smallest locally. However, its assessed value of $383k sits close to the Winnipeg citywide average, suggesting you are paying primarily for the desirable South River Heights location.
The appeal lies in securing a footprint in a well-regarded neighborhood at a price point that is accessible relative to its surroundings, where average assessed values are over $500k. The 5,302 sqft lot is a standard size for the street. This property would suit a first-time buyer or downsizer who prioritizes neighborhood over square footage, and who may see potential in a home that offers a chance to renovate or expand over time. It’s a practical entry into a community where many homes are larger and more expensive.
Frequently Asked Questions
1. Why is the assessed value relatively high for a smaller home?
The assessed value reflects the property's location in South River Heights, a sought-after neighborhood. Value is driven more by the land and area desirability here than by the size of the existing structure.
2. How does the lot size compare?
At just over 5,300 sqft, the lot is around average for Waterloo Street but slightly below the neighborhood average. It provides a standard yard space for the area.
3. Is the home older than others nearby?
Actually, no. Built in 1954, it is newer than the average home on its specific street, where many houses date back to the 1940s.
4. What was it last sold for?
Public records indicate it sold between $300k and $350k in January 2017. Exact sold prices require a manual lookup request through the site.
5. How does it compare to nearby similar-valued homes?
Similar assessed values in other neighborhoods like Varsity View or Elmhurst may buy more house, but this property’s value is anchored by the specific prestige and convenience of the South River Heights location.