Property Overview: 528 Niagara Street, Winnipeg

Key Characteristics & Appeal

This two-storey home in Central River Heights sits on a notably spacious lot (5,755 sq ft), which ranks within the top 16% for size on its own street. This generous outdoor space is a key asset, offering rare potential for gardening, expansion, or simply more privacy in a mature neighbourhood. The home itself, built in 1952, is newer than many on the block and features a renovated basement. With a living area of 1,418 sq ft and a detached garage, it presents a practical, grounded footprint.

Its primary appeal lies in its position within a sought-after neighbourhood, coupled with a land size that stands out from its immediate peers. The property suits a buyer looking for a character home with room to breathe and customize over time, rather than a move-in-perfect showcase. It’s a solid candidate for a young family seeking established community roots, or a value-conscious purchaser who sees greater long-term value in land size and location than in a recently updated interior. The assessed value is strong citywide, suggesting a well-regarded asset, though the last sale price from 2017 indicates a market entry point that may attract those looking for equity growth through gradual improvement.

Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, ceiling height, and whether it includes a legal secondary suite or is simply a finished recreational space.

2. How does the 2017 sale price relate to today's value?
The 2017 sale of $39,500 is a historical point. The current assessed value of $46,500 is a municipal valuation for tax purposes; market value is determined by current conditions, recent comparable sales, and the property's present state.

3. Is the large lot an advantage for future expansion?
Potentially, yes. The lot size is a significant feature. However, any expansion or new construction would be subject to City of Winnipeg zoning bylaws, setback requirements, and permitting. Verifying development potential is an essential due diligence step.

4. What are the implications of the home being "newer" than others on the street?
Built in 1952, it is newer than the street average (1941), which may suggest updates to original systems like wiring or plumbing compared to much older homes. However, a 74-year-old home will still require careful evaluation of its roof, foundation, windows, and major mechanical systems.

5. Who are the typical buyers in Central River Heights?
The neighbourhood is popular with families drawn to its established parks, schools, and community feel, as well as professionals seeking a central location with character. This property, with its larger lot, may particularly attract those prioritizing outdoor space in a mature, tree-lined setting.