Property Overview: 244 Waverley Street, Winnipeg

Key Characteristics & Appeal

This home at 244 Waverley Street in North River Heights is defined by its generous scale and substantial lot. With nearly 2,900 square feet of living space, it ranks in the top 5% of homes on its street and top 3% within the neighbourhood for size, offering significantly more room than typical area homes. The nearly 7,800 square foot lot is a standout feature, placing it in the elite top 1% of land sizes in North River Heights, providing rare outdoor space and potential.

Its primary appeal lies in this combination of a spacious interior on an exceptionally large, established lot in a desirable area. The assessed value of $816,000 reflects its premium positioning, ranking well above averages for the street, neighbourhood, and city. A thoughtful perspective is that while the 1928 build date means the home is older than most, it also suggests a level of craftsmanship and character often absent in newer builds, situated on a mature, landscaped property.

This property would best suit buyers who prioritize space—both inside and out—over a modern, turn-key build. It’s ideal for a family seeking room to grow, someone who values gardening and privacy, or a buyer looking for a home with classic architecture and the potential to customize. The value here is in the enduring assets of land and square footage in a prime location.

Frequently Asked Questions

1. How does the age of the home (built in 1928) impact its value and appeal?
While newer homes often have modern layouts and systems, a 1928 build like this one typically offers superior build quality, architectural detail, and established gardens on a large lot. The value is in the character and land, though buyers should budget for potential updates to mechanical systems or windows.

2. The assessed value is $816,000, but it sold for an estimated $800k-$850k in 2020. What does this indicate?
The close alignment between the recent sale price and the current assessed value suggests the market valuation is stable and grounded. It indicates the property is not significantly under or over-valued according to municipal assessment, providing a solid benchmark.

3. The lot size is in the top 1% for the neighbourhood. What are the practical benefits?
A lot of this size (7,808 sq ft) offers uncommon privacy, space for additions like a garage or studio, extensive gardening possibilities, and room for outdoor recreation. It’s a long-term asset that provides flexibility that smaller lots do not.

4. Who would this home not be suitable for?
It may not suit buyers seeking a low-maintenance, modern property with open-concept living and new finishes. The older home likely requires more upkeep, and the large lot demands gardening or landscaping attention. It’s also a significant investment, so it’s less suited for those with a minimal renovation budget.

5. How can I get the exact historical sale price instead of the range shown?
The site provides sold price ranges for quick reference. To obtain the exact sale figures and full transaction history, you must request a manual lookup via email. This is due to industry rules that prevent the display of MLS sold data directly on the site.