129 Niagara Street – Property Summary

Section 1: Key Characteristics & Buyer Profile

This is a 1923 home with 1,836 square feet of living space on a 4,300-square-foot lot. The assessed value is $459,000. Compared to other properties on Niagara Street, the living area is above average (top 19%), and the lot size is below average (bottom 12%). The assessed value sits near the middle of the street. In the wider Wellington Crescent neighbourhood, this property is on the smaller end for both lot size and living space, and its assessed value is well below the neighbourhood average of $806,000. City-wide, the living area is notably above average (top 16%), and the value is above the median as well.

The appeal here is a solidly sized house on a modest lot, in an established neighbourhood, at a price that undercuts the local area. It is not a premium property for its neighbourhood, which could be a practical entry point for someone who wants to be in Wellington Crescent without paying the neighbourhood's typical price. The older construction year (1923) means this is likely a home with character and original details, but it also implies maintenance history matters. This property would suit a buyer who values interior space over land size, is comfortable with an older home, and wants a more attainable price point in a desirable area.

Section 2: Frequently Asked Questions

1. How does this home's size compare to others nearby?
On its street, the living space is larger than average, ranking in the top 19%. But within the Wellington Crescent neighbourhood, it is smaller than typical, where the average home is 2,343 square feet. So it’s generous for the immediate block but modest for the broader community.

2. Is the assessed value a good deal relative to the neighbourhood?
Yes, the assessed value of $459,000 is well below the neighbourhood average of $806,000. It is also slightly below the street average. This suggests the property is priced more like a mid-range city home than a premium neighbourhood home.

3. What should I know about a home built in 1923?
It is older than most homes on the street and in the city (average build year city-wide is 1966). Older homes often have solid construction and unique features, but buyers should expect potential updates needed for systems like electrical, plumbing, insulation, and windows. A thorough inspection is strongly recommended.

4. How does the lot size affect the property's value?
The lot is 4,300 square feet, which is below average for the street and well below average for Wellington Crescent (9,488 sq ft). This likely contributes to the lower assessed value. It means less outdoor space and yard maintenance, which could be a positive for some buyers, but also less potential for future expansion or landscaping.

5. How does this property rank across Winnipeg as a whole?
City-wide, it ranks in the top 16% for living area size, top 27% for assessed value, and bottom 14% for newer construction. In short: it’s a larger-than-average, older home valued higher than the typical city property, but it is not a standout for its lot size.