Property Overview
This two-storey home at 580 Montrose Street in Winnipeg's Central River Heights neighbourhood presents a classic character property with modern updates. Built in 1949, it sits on a 5,039 sqft lot and features 1,333 sqft of living space, a renovated basement, and a detached garage. It last sold in August 2022 for $410,000.
Key Characteristics & Appeal
The primary appeal of this home lies in its location within the desirable Central River Heights area, combined with the value offered by a recently renovated basement. While the living space is modest compared to some larger homes on Montrose Street, it is squarely average for the broader neighbourhood and city, suggesting a comfortable, manageable size. The lot size, though below average for the immediate street, is still generous and offers typical outdoor space for the area.
This property would suit first-time buyers or downsizers seeking an established neighbourhood with character, without the upkeep of a very large home. The renovation work in the basement adds immediate livable space and potential for a rental suite or flexible family area. A thoughtful perspective is that its "below average" metrics for the street in land and living area likely contribute to a more accessible price point for entering this sought-after location, offering a trade-off between premium location and square footage.
Frequently Asked Questions
1. How does the assessed value relate to the sale price?
The assessed value is $41,400, which is a figure used for calculating property taxes and is typically much lower than the market sale price. The home sold for $410,000 in 2022, which is the relevant figure for understanding its market value.
2. Is the living space sufficient for a family?
At 1,333 sqft, the living area is average for Winnipeg and the Central River Heights neighbourhood. It is a comfortable size for a small family or couple, especially with the additional renovated basement space.
3. What does the "below average" lot size mean for this property?
While the lot is smaller than the average on Montrose Street itself, at over 5,000 sqft it remains a good-sized urban lot. It provides ample yard space for gardening or recreation while potentially requiring less maintenance than larger plots.
4. What are the implications of the home's age?
Built in 1949, the home is older than many in the city. This often means character details and mature landscaping, but buyers should ensure inspections cover aging components like the roof, plumbing, and electrical systems, even with recent renovations elsewhere.
5. How does this price compare to the area?
The 2022 sale price of $410,000 was around average for the broader Central River Heights neighbourhood and the city at that time, but was below average for Montrose Street itself. This indicates you may get more house for your money on other streets in the area, or that this property offers a value-oriented entry point to this specific block.