72 Niagara Street – Property Summary

1. Key Characteristics & Buyer Suitability

This 1914 home offers 2,125 square feet of living space on a 4,242-square-foot lot. The assessed value sits at $641,000.

The property’s main draw is its strong living area and value relative to the wider city. City-wide, it ranks in the top 8% for living space (above the average of 1,342 sqft) and top 6% for assessed value (well above the city average of $390,100). On its own street, Niagara, it performs similarly well—top 8% for size and top 7% for value. Within its neighborhood (Wellington Crescent), however, it falls near the middle of the pack, as that area features larger homes on larger lots with higher average values.

The trade-off is clear: the property’s land area is small by neighborhood standards (top 99% on the street means it’s one of the smallest lots), and as a 1914 build, it’s older than most homes both locally and city-wide. For buyers, this means you’re getting a relatively spacious interior on a modest lot, in a prestige neighborhood where land typically commands a premium. The house itself likely has character and space, but the yard is compact and the structure will need the attention any century home requires.

This property would suit a buyer who values interior square footage and wants to be in the Wellington Crescent area, but is willing to accept a smaller lot and an older building. It’s less ideal for someone seeking a large private yard or a move-in-ready modern home. Investors or renovators looking for a solid structure on a lower-priced lot in a high-value area may also see potential.

2. Five Possible FAQs

1. How can the assessed value be above average city-wide but around average in its own neighborhood?
The property sits in Wellington Crescent, a high-value area where typical homes are larger and worth significantly more than the city average. So while $641,000 is well above Winnipeg’s median, it’s not exceptional within that pocket. You’re paying for the location, but the house itself is priced below many of its neighbors.

2. Does the small lot size mean there’s no outdoor space?
Not at all—4,242 square feet is still a decent city lot, just small for this particular street and area. There will be a yard, but it’s compact compared to the sprawling lots common in Wellington Crescent. It’s a trade-off of space for convenience and a lower entry price into the neighborhood.

3. Is a 1914 house likely to have original features, or has it been gutted?
That depends on the specific renovation history, which isn’t provided here. What is clear is that the house is old enough (top 89% oldest city-wide) that it will have some period character—think high ceilings, solid woodwork, possibly a layout typical of the era. It may or may not have updated systems. Any buyer should budget for maintenance and modernizing, especially for electrical, plumbing, insulation, and foundation work.

4. How does this property compare to others on Niagara Street specifically?
On its own street, this home is a standout: top 8% for living area and top 7% for value. But it’s also among the oldest (top 99%) and has one of the smallest lots (top 99%). So it’s a bit of an outlier—more house than most on the block, but on less land and with an older structure. It’s not typical for the street, which may be an advantage or a risk depending on your plans.

5. If I want to see how this house stacks up against nearby homes in detail, what’s the best way to do that?
The listing references a neighborhood map analysis that allows side-by-side comparisons of year built, living area, assessed value, and lot size for houses in the immediate area. That would give you a concrete sense of whether this property is a deal or overpriced relative to its immediate neighbors.