Property Overview: 414 Waterloo Street, Winnipeg

Key Characteristics & Appeal

This home at 414 Waterloo Street in North River Heights is a well-established property that presents a balanced, middle-of-the-road profile in its desirable neighbourhood. Built in 1944, its 1,655 sqft of living space is very typical for the area, offering comfortable room for a small family or couple. The assessed value of $457k sits slightly below the local street average, which could indicate a value opportunity within this sought-after community.

The appeal lies in its stability and location. It’s a home that doesn’t stand out for extreme size or lot dimensions—its land area is actually a bit smaller than others on the block—but it holds its own as a solid, city-wide offering above the Winnipeg average for space. This suggests a property where the value is more about the established neighbourhood character than the parcel itself. It would suit a practical buyer who prioritizes location and liveable space over a massive yard or a brand-new build, and who may see the below-average lot size as a trade-off for lower maintenance. The sale history shows steady appreciation, pointing to a reliable, if not explosive, investment in a mature area.

Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for the broader North River Heights area but is notably below the average assessed value for homes directly on Waterloo Street. This could suggest a value position on a street with some higher-valued properties.

2. Is the lot size a concern?
The lot of 4,821 sqft is below the average for Waterloo Street. This means less backyard space than some immediate neighbours but is still near the average for the wider neighbourhood. It may appeal to those seeking lower outdoor upkeep.

3. What does the sale history tell us?
The home sold in 2021 for an estimated $450k-$500k and previously in 2017 for $300k-$350k. This indicates consistent growth in value over that period, aligning with broader market trends.

4. How updated is this 1944 home?
The provided data does not include details on renovations or interior condition. This is a key point for further investigation, as the value and any needed investment will heavily depend on the state of major systems (roof, plumbing, wiring) and interior updates.

5. Where can I get verified sale price details?
The site provides estimated sale price ranges. For exact, verified historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.