Property Overview: 628 Montrose Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Central River Heights sits on a generous, above-average lot of nearly 6,000 sqft, offering more outdoor space than most properties on its street and in the wider neighborhood. Built in 1953, it is notably newer than many comparable homes in the immediate area. The home itself is more modest in size at 1,074 sqft of living area, but features a renovated basement and a detached garage.
Its primary appeal lies in its land value and location. The significant increase in sale price from 2023 to 2024 strongly suggests the property is valued for its redevelopment potential or as a prime candidate for a major expansion. It suits two distinct types of buyers: those looking for a solid starter home with a large yard and renovation upside, and investors or builders who recognize the value in the lot itself for a new construction or substantial rebuild in a desirable, established area.
Section 2: Frequently Asked Questions
1. Is the house in good condition?
While specific details aren't provided, the listing notes a renovated basement. The significant price appreciation and the home's smaller size relative to the lot indicate that buyers should budget for updates or consider the value to be primarily in the land.
2. Why did the price increase so dramatically between 2023 and 2024?
The jump from approximately $37,000 to $570,000 likely reflects a major change in how the property was marketed and perceived—possibly transitioning from a land-value-only listing to one including the habitable house, or a rapid market reassessment of its redevelopment potential.
3. What is the neighborhood like?
Central River Heights is a mature, established neighborhood in Winnipeg. The data shows this property's assessed value is above average for both the neighborhood and the city, indicating a desirable location.
4. How does the lot size compare?
The 5,999 sqft lot is a key feature. It is larger than average for Montrose Street and for Central River Heights, offering more private outdoor space than many nearby properties.
5. What are the typical property taxes?
While not stated, taxes would be based on the $490,000 assessed value. Prospective buyers should contact the city for an exact calculation, but should expect taxes in line with a mid-to-upper range property for the area.