Property Overview: 549 Montrose Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Central River Heights offers a compelling blend of generous living space and a prime location. Its key characteristic is its above-average, 2,219 sqft living area, which ranks in the top 3% for the neighbourhood, providing ample room for families or those who value spacious interiors. The property sits on a 4,829 sqft lot, which is modest for the immediate street but typical for the area, prioritizing home size over vast yard space. A renovated basement and a detached garage add functional value. Built in 1949, it carries the classic charm and solid construction of its era.
The appeal lies in its established, desirable location combined with a home that offers significantly more interior space than most comparable properties in Central River Heights and city-wide. It suits buyers looking for a character home in a mature neighbourhood without compromising on square footage. It would particularly fit growing families needing multiple bedrooms and living areas, or professionals who want dedicated home office space. A thoughtful perspective is that the property represents a "value-through-space" proposition in a sought-after area, where the investment is in the renovated, usable interior rather than an expansive lot.
Section 2: Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
The land area is 4,829 sqft, which is below the average for Montrose Street itself but is generally in line with the Central River Heights area average. This is a common trade-off in established neighbourhoods, where the focus and value are often on the home's living space.
2. What does the "Elite" ranking for Assessed Value mean?
The home's assessed value ranks in the top 3% for Central River Heights and top 5% city-wide. This indicates that, according to municipal assessment, it is considered a higher-value property compared to most peers, likely due to its large living area, renovations, and location.
3. The home was built in 1949. What should I consider?
While the structure is solid, a home of this age will have older core components. Prospective buyers should pay special attention to the condition of major systems like plumbing, electrical, and the roof during an inspection. The renovated basement is a positive update.
4. How does the last sale price relate to the assessed value?
The home sold for $570,000 in 2019, which was significantly above its assessed value at the time (a common scenario). Assessed value is for municipal tax purposes and often lags behind market value. The sale price is a stronger indicator of its recent market worth.
5. Who might this property not suit?
It may not be ideal for buyers seeking a very large, private yard or a brand-new, maintenance-free build. Those looking for ultra-modern open-concept layouts may find the traditional two-storey floor plan requires consideration. It best suits those who appreciate character and space in a mature neighbourhood.