130 Waterloo Street – Property Summary
Key Characteristics & Buyer Profile
This is a large, older home on an oversized lot in Winnipeg’s Wellington Crescent area. The living area is 3,086 square feet, which ranks in the top 6% on its street and the top 1% citywide. The land is 12,003 square feet—among the largest on the block (top 4%) and significantly above the street average of 5,833 square feet.
The assessed value is $1.62 million, placing it in the top 2% on Waterloo Street and top 1% across Winnipeg. The year built is 1926, which is older than most homes on the street and citywide, but roughly average for the neighbourhood.
Appeal: The property offers rare space—both indoors and outdoors—in a well-established central neighbourhood. While the house is nearly a century old, the land and location are primary assets. This is not a move-in-ready modern home; it’s a property for someone who values scale, character, and the potential to renovate or update over time.
Suitable buyers: Those looking for a substantial family home with room to grow, or buyers interested in a renovation or long-term investment in a prime Winnipeg address. It may also appeal to someone who wants a large lot in a walkable, tree-lined area without moving to the outer suburbs.
Frequently Asked Questions
1. How does the land size compare to other homes nearby?
It’s well above average. The lot is 12,003 square feet, while the typical home on Waterloo Street sits on about 5,800 square feet. Even within the wider Wellington Crescent area, the average is under 9,500 square feet.
2. Is the assessed value of $1.62M realistic for this property?
Yes—the assessment reflects both the size and the location. It ranks in the top 2% on its street and top 1% citywide. That said, assessment values can lag behind market conditions, so it’s worth comparing with recent sales in the area.
3. The house was built in 1926. What should a buyer expect in terms of maintenance?
Older homes often have solid bones but may need updated electrical, plumbing, insulation, or roofing. The year built is older than most homes on the street and citywide, so a thorough inspection is recommended. The trade-off is typically better craftsmanship and more generous room sizes than newer builds.
4. What does “Top 1% citywide” actually mean for living area?
Out of nearly 200,000 comparable properties across Winnipeg, this home is in the top 1% for living space. That puts it in a very small group of homes with over 3,000 square feet of finished living area—rare in any part of the city.
5. Is this property in a good location for daily life?
Waterloo Street is in the Wellington Crescent area, which is central and well-served by schools, parks, and amenities. The property is walking distance to the Assiniboine River trails and a short drive to downtown. The large lot also offers privacy that you wouldn’t get on a standard city lot.