Property Overview: 236 Waterloo Street, Winnipeg

Key Characteristics & Appeal

This home at 236 Waterloo Street in North River Heights presents a balanced, grounded opportunity in a well-established neighbourhood. Built in 1929, its character is reflected in its age, placing it among the older homes on its street. With 1,663 sqft of living space, the home offers a practical footprint that is comfortably above the Winnipeg city average, providing ample room without being overly large. The lot size of 4,821 sqft is modest for the immediate street but typical for the broader North River Heights area.

The primary appeal lies in its position as a solid, mid-tier property within a desirable area. Its assessed value of $465K sits notably above the city-wide average, yet is relatively moderate for North River Heights itself. This suggests you are paying for the location within a sought-after community, with the house itself representing a functional canvas rather than a premium, renovated product. The recent sale price (estimated between $500K-$550K in March 2025) indicates a market value that acknowledges this dynamic.

This property would best suit a buyer who values neighbourhood character and stability over a new build, and who is comfortable with a home from the 1920s. It’s a practical choice for someone looking for a genuine, unpretentious home in a prime area, possibly a downsizer seeking single-level living (if the layout permits) or a young family ready to put their own stamp on a property over time. It is less suited for those seeking a move-in-ready modern home or a particularly large private yard.

Frequently Asked Questions

1. What does the assessed value tell me about the property taxes?
The assessed value of $465K is the city’s valuation for taxation purposes. You can estimate annual property taxes by applying Winnipeg’s current mill rate to this figure. It’s worth noting this assessment is below the street average, which may be a relative positive for tax liability within this specific location.

2. How does the lot size impact potential for expansion or outdoor space?
At 4,821 sqft, the lot is smaller than many on Waterloo Street. This may limit possibilities for significant additions or a sprawling backyard, but it is consistent with many lots in North River Heights and would support a manageable garden or deck. Always verify zoning bylaws and setback requirements for any expansion plans.

3. Given the age of the home (1929), what should I be mindful of?
Homes from this era often have solid construction but may require updates to mechanical systems (like plumbing, electrical, or heating), insulation, and windows. A thorough inspection is crucial to understand the condition of the foundation, roof, and any original materials. This age also brings the potential for charming original details.

4. The home recently sold. Why is the exact price not shown, and how can I get it?
To comply with industry data rules, exact sold prices are not published publicly on the site. You can request the exact sale history and figures via email from the provider, who will manually look up the verified data for you.

5. How does this property truly compare within North River Heights?
The data shows this home is very much a "middle-of-the-pack" property for this neighbourhood. Its living space and assessed value are around the area average, while its lot size and age are on the more modest/older side. This highlights that its value is anchored in the community itself—it’s a way to get into North River Heights at a relatively accessible point.