155 Waterloo Street

155 Waterloo Street – Property Summary

Key Characteristics & Buyer Profile

This is a brand-new home (built 2023) on a quiet, established street in Winnipeg’s Wellington Crescent area. At 1,849 square feet of living space, it’s larger than most homes on the same street and well above the citywide average. The assessed value of $741,000 reflects a strong premium over the street average of $552,100, placing it in the top 11% on Waterloo Street. The lot is just over 6,000 square feet—slightly bigger than the street norm but smaller than the neighborhood average, which leans toward larger properties.

What stands out here is the combination of new construction with an older, tree-lined location. Most homes on this street date from 1946; this one is brand new with modern systems and finishes. The appeal is subtle: you get the character of a mature neighbourhood without needing to update a century home. The property ranks top 3% citywide in assessed value, so it’s clearly positioned as a premium asset.

This would suit buyers who want a turnkey home in a well-regarded central neighbourhood—people who value location and efficiency over square footage or a sprawling lot. It’s less suited for someone looking for maximum land area or a blank slate for renovations.

Frequently Asked Questions

1. How does the living area compare to other homes in the neighbourhood?
It’s above average for Waterloo Street (top 24%), but around average for the broader Wellington Crescent area, where many homes are larger. Citywide, it’s well above typical house sizes.

2. What does “assessed value” mean here—is that the market price?
Assessed value is the city’s estimate for property tax purposes. It’s not the same as market value, but it’s a useful benchmark. This home’s assessment is high relative to both the street and the city, suggesting the market treats it as a premium property.

3. Is the lot actually small for this neighbourhood?
It’s typical for Waterloo Street (top 19%) but smaller than the Wellington Crescent average, which is over 9,000 square feet. If you’re comparing to larger estates nearby, the lot will feel modest. For most city standards, 6,000 square feet is a comfortable suburban-sized lot.

4. Why is the neighbourhood average for living area so much higher (2,343 sqft) than this home?
Wellington Crescent includes some very large historic homes, which pull the average up. This property is more in line with the smaller, newer infill builds that are appearing on side streets like Waterloo.

5. What kind of maintenance or updates should I expect with a 2023 build?
Very little upfront. New construction means modern insulation, windows, mechanicals, and electrical. The main thing to watch for is the first few years of settling—minor drywall cracks or trim shifts are normal. You also avoid the common headaches of old plumbing or outdated wiring found in nearby homes.