Property Overview: 275 Niagara Street, Winnipeg

Key Characteristics & Appeal

This home at 275 Niagara Street in North River Heights is a character property built in 1927, offering a blend of established neighbourhood charm and practical entry-point value. With 1,001 sqft of living space on a 4,320 sqft lot, it is a more compact home compared to many in its immediate area and the wider neighbourhood, suggesting a manageable layout for downsizers or first-time buyers. Its assessed value of $401k sits below the local area averages but aligns more closely with the city-wide typical value, indicating a potential value proposition within a desirable, mature community like North River Heights.

The appeal lies in its location within a sought-after neighbourhood and its position as a potentially more accessible point of entry into that market. It suits buyers looking for character in a well-regarded area without the larger footprint and maintenance of a bigger home. It could be an ideal match for a small household, a first-time buyer prioritizing location, or someone looking to downsize while staying in the community. A thoughtful perspective is that its smaller size and lot, while below area averages, may translate to lower utility costs and less upkeep, appealing to those seeking a simpler lifestyle. The data also shows it sold in mid-2022, providing a relatively recent market benchmark for interested parties.

Frequently Asked Questions

1. How does the size of this home compare to others nearby?
The living area is notably smaller than the average for both Niagara Street and the broader North River Heights neighbourhood, placing it in the bottom 20-30% for size locally. This highlights its character as a more compact, manageable property in the area.

2. Is the assessed value fair for this neighbourhood?
The $401k assessment is below the local average for North River Heights, but interestingly, it is very close to the city-wide average for comparable homes. This suggests you are paying a premium for the location within a desirable community, but potentially at a lower price point than larger homes on the same streets.

3. What can the 2022 sale price tell me?
The home sold in July 2022 for a price reported between $400k and $450k. This provides a concrete, recent market value benchmark, showing the assessed value is closely aligned with its last sale price in a different interest rate environment.

4. Who might this property not suit?
Given its below-average living space and lot size for the area, it may not suit buyers looking for ample room for a growing family, extensive outdoor space, or who prioritize modern, open-concept layouts often found in newer builds.

5. How can I get the exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up the information and send it to you.