Property Overview: 426 Niagara Street, Winnipeg

Key Characteristics & Appeal

This home at 426 Niagara Street in North River Heights presents a solid, above-average offering within its established neighborhood. Built in 1945, it is a character home typical of the area, yet its metrics suggest it stands out in key ways. With 1,618 sqft of living space, it is notably larger than the Winnipeg city-wide average, offering more room than many comparable properties. Its assessed value of $542k is consistently above average—ranking in the top 21% in North River Heights and top 14% city-wide—indicating a perceived value that exceeds many peers.

The appeal lies in this combination of generous interior space and a strong valuation position within a desirable, mature neighborhood. The lot size of 4,514 sqft is typical for the street and area, providing standard outdoor space without excessive maintenance. A thoughtful perspective is that while the home is older, its value ranking significantly outpaces its age ranking city-wide, hinting at well-maintained condition or desirable updates. It would suit buyers looking for a character home in a prime central neighborhood who value space and a property with an assessed value that demonstrates its premium standing relative to the broader market.

Frequently Asked Questions

1. How recent is the sale price data?
The home sold in October 2023 for a price between $550,000 and $600,000. This data is from public records and is reasonably reliable, but for fully verified, exact transaction figures, a manual lookup can be requested.

2. How does this home compare to others on the street?
Its living area and lot size are around the average for Niagara Street. However, its assessed value ranks in the top 18% on the street, meaning it is valued higher than most direct neighbors.

3. Is the home newer or older than others in Winnipeg?
Built in 1945, it is older than the typical Winnipeg home, ranking in the top 78% city-wide (meaning 78% of homes are newer). However, it is actually slightly newer than the average home in the North River Heights area.

4. What does the "above average" assessed value mean for property taxes?
A higher assessed value generally leads to a higher property tax bill, as taxes are calculated based on this valuation. Buyers should factor this into their budgeting.

5. Can I see how this property compares to nearby homes on a map?
Yes, a detailed neighbourhood analysis map is available to visually compare this property with nearby houses based on year built, living area, assessed value, and lot size.