Property Summary: 579 Montrose Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Central River Heights is defined by its desirable location and solid fundamentals. Built in 1950, it is notably newer than many homes on its street and in the wider neighbourhood, which can be appealing for buyers wary of the maintenance needs of much older properties. The home features a renovated basement and a detached garage.
Its primary appeal lies in its position within a sought-after neighbourhood, supported by its above-average assessed value for the area. This suggests it is viewed as a solid asset within its community. The living space of 1,250 sq ft is very typical for Winnipeg overall, offering a manageable size for many households.
The lot, while below average in size for Montrose Street and Central River Heights, is still a generous city lot at just under 4,600 sq ft. This presents a nuanced perspective: for some, it's ample private outdoor space; for others, it may mean less yard maintenance than larger plots on the block. This property would suit a buyer prioritizing location and neighbourhood character over sheer square footage, looking for a home with updated elements (like the basement) and a classic two-storey layout. It's a practical choice for small families, couples, or investors seeking a property in a stable, well-regarded area.
Frequently Asked Questions
1. How does the lot size compare?
The land area of 4,599 sq ft is smaller than the average for Montrose Street and Central River Heights, but is close to the Winnipeg citywide average. It offers a balanced yard space—smaller than some neighbours, but still substantial.
2. Is the home older or newer for the area?
Built in 1950, it is actually newer than most homes on its street and in the broader neighbourhood, which often date to the 1940s and earlier. Citywide, it is slightly older than average.
3. What does the "above average" assessed value indicate?
The assessed value is above the averages for both Central River Heights and Winnipeg as a whole. This typically reflects the property's perceived market value and desirability within its location, even though the home's living area is standard.
4. How much living space does it have?
With 1,250 sq ft of living area, it is very close to the citywide average. It's a moderately sized home, smaller than many on its specific street but typical for the wider neighbourhood.
5. When did it last sell and for how much?
The property last sold in May 2021 for $49,500. This previous sale price is significantly lower than its current assessed value of $500k, indicating a major change in valuation, likely due to a substantial renovation, rebuild, or subdivision event.