Property Overview: 377 Brock Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,644 sqft home, built in 1945, sits on a 5,238 sqft lot in the established North River Heights neighbourhood. Its core appeal lies in its above-average assessed value of $598k, which ranks it in the top 13% of homes in its immediate area and the top 8% citywide. This suggests a property that is well-regarded relative to its peers, likely due to factors like condition, updates, or its specific location on the street.

The living space is comfortably above the Winnipeg average, offering more room than most city homes, while the lot size is typical for the area. As a home from the mid-1940s, it fits the classic character of the neighbourhood. The data indicates it last sold in September 2020 for between $500,000 and $550,000.

This property would suit a buyer looking for a character home in a mature neighbourhood, who values space and an assessment that outperforms many comparable properties. It’s ideal for someone who appreciates a home with established roots and is possibly prepared for the maintenance or modernization that can come with an older structure, balanced by its evident standing in the local market.

Section 2: Frequently Asked Questions

1. What does the high assessed value ranking actually mean?
It means the city’s assessment for this home is higher than most similar properties in Winnipeg. This often reflects recent improvements, desirable lot features, or superior condition, but it’s important to verify this through a viewing and consider how it might relate to future property taxes.

2. How does the 1945 build year affect the home?
While the home is older than the Winnipeg average, it’s actually newer than many in North River Heights. Buyers should focus on the quality and age of major systems (roof, wiring, plumbing, windows) and any renovations, as an 81-year-old home can range from meticulously updated to requiring significant investment.

3. Is the lot size a pro or a con?
At just over 5,000 sqft, the lot is very typical for North River Heights. It likely provides a good balance of yard space for gardening or recreation without excessive maintenance. It may not suit those seeking an exceptionally large or private yard, but it fits the neighbourhood norm.

4. The home sold in 2020 for $500k-$550k. Why is the assessed value now $598k?
Assessed value and market sale price are different. The assessment is for taxation purposes and can be influenced by market trends, city-wide evaluations, and improvements. The current assessment being higher than the 2020 sale price range may indicate strong market appreciation in the area or changes to the property.

5. How can I get the exact historical sale prices?
The provided data shows estimated price ranges. As noted, exact sale figures are not publicly displayed online due to industry rules. You can request the exact sold price history directly via email from the site, which will perform a manual lookup.