Property Overview: 256 Montrose Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home presents a compelling blend of space, land, and established neighbourhood character. Its primary appeal lies in its generous proportions, both in the home itself and, especially, the lot. With 2,112 sqft of living area, the house is notably larger than most in the city, neighbourhood, and even on its own street. The standout feature is the 6,724 sqft land area, which ranks in the elite top 3% on Montrose Street, offering exceptional outdoor space for gardens, play, or expansion in a mature area.

Built in 1914, the property is one of the older homes in the area, which suggests classic architectural character but also implies a need for thoughtful maintenance and potential updates. The assessed value of $569k sits above average across all comparison levels, reflecting its substantial lot and living space.

This property would best suit a buyer who values space and privacy over a turn-key modern build. It’s ideal for someone seeking a established neighbourhood with room to grow, who is prepared to steward a century-old home. It appeals to those who see the value in a large, private yard and have the vision (and possibly the renovation budget) to adapt a classic home to modern living.

Frequently Asked Questions

1. What does the "Elite" ranking for land area mean?
It means this property's lot size of 6,724 sqft is larger than 97% of the lots on Montrose Street. In practical terms, you're getting significantly more outdoor space than most of your immediate neighbours.

2. The house was built in 1914. What should I consider?
While offering classic charm and likely sturdy construction, a home of this age requires careful attention to foundational systems. A thorough inspection for the condition of the roof, plumbing, electrical, and foundation is essential. This isn't a drawback for the right buyer, but it shifts the priority to verified maintenance over cosmetic updates.

3. The assessed value is above average, but the last sold prices seem lower. Why?
The assessed value is for taxation purposes and reflects the property's components (lot size, living area) relative to the market. The sold price data from 2016 and 2019 shows the home's market value at those times. The difference highlights the importance of a current market evaluation to understand today's value, which can be influenced by renovations, market trends, and condition.

4. Is the living space configured well for modern living?
The data confirms the square footage is ample. However, the age of the home means the floor plan may be compartmentalized rather than open-concept. Buyers should assess if the layout matches their lifestyle or if they are comfortable with the scope of work potentially needed to reconfigure spaces.

5. How do I get the exact historical sold prices for this home?
The site provides sold price ranges. To receive the exact figures, you must request a manual lookup via email from the service, as they do not display full MLS transaction data publicly. They state this process is free and that your email will not be used for marketing.