Property Overview: 483 Brock Street, North River Heights, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This is a 1,170 sqft bungalow built in 1948, situated on a 4,190 sqft lot in the established North River Heights neighborhood. The data presents a property of contrasts. Its assessed value of $367k is notably below the average for its immediate street and area, yet aligns closely with the Winnipeg city-wide average. Similarly, the living space is modest compared to neighboring homes but is near the city's typical size. This positioning is the core of its appeal: it offers entry into a desirable, mature neighborhood at a relative value point. The lot, while smaller than most on the block, provides manageable outdoor space with less maintenance.

The home suits practical, value-conscious buyers. It's ideal for first-time purchasers seeking neighborhood over sheer size, downsizers looking to stay in the area without a large property, or investors interested in a character home with renovation potential. A thoughtful perspective is that its "below-average" metrics for the street could represent a lower property tax burden compared to neighbors, while still providing the same location benefits. Its 1948 build date is actually newer than many area homes, suggesting potentially updated infrastructure or layout compared to its peers.

Frequently Asked Questions

1. Why is the assessed value lower than the neighborhood average?
The assessed value is influenced by specific property characteristics. Here, the smaller living area and lot size compared to area averages are significant factors, resulting in a valuation that provides a more accessible price point for the location.

2. What does the sold price history indicate?
The home sold in 2022 and 2016, both times within the $300k-$350k range. This history suggests a stable value trajectory in that band, though exact figures require a verified lookup.

3. Is the smaller lot size a major disadvantage?
It depends on your priorities. The lot is indeed smaller than most on the street, which means less yard for gardening or expansion. However, it also translates to less maintenance, lower landscaping costs, and can be a perk for those seeking a more manageable property.

4. How does the living area compare for a family?
At 1,170 sqft, the home is compact. It would comfortably suit a small family, a couple, or an individual. Buyers needing ample space or multiple large bedrooms should carefully consider their needs versus the neighborhood appeal.

5. Where can I get verified sale price data and more neighborhood details?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact transaction history via email for a manual lookup. For detailed geographic comparison of nearby homes by year, size, and value, the provided neighborhood analysis map tool is recommended.