676 Niagara Street

Property Overview

This 1953 one-storey home on a spacious lot in Central River Heights presents a compelling opportunity. Its key appeal lies in its generous proportions and established location. The nearly 2,000 sqft of living space is notably larger than most comparable homes in the area, offering ample room. The property sits on a roughly 5,900 sqft lot, which is also above average for the street and neighbourhood, providing valuable outdoor space and potential. A detached garage and a renovated basement add functional utility. The home last sold in July 2022 for $600,000, a price point that ranked well above average for Winnipeg at the time.

Its characteristics would suit buyers looking for a home with a substantial footprint in a mature, central neighbourhood. It’s particularly well-matched for those who prioritize interior space and lot size over a newer build date, and who see value in a home that already has a renovated basement. The data suggests it’s a property that stands out in its immediate context for its scale.

Frequently Asked Questions

How does the lot size compare practically?
At 5,914 sqft, the lot is over 1,000 sqft larger than the average for Central River Heights. This translates to more private yard space, greater distance from neighbours, and potentially more flexibility for landscaping, gardening, or future additions than is typical.

The home was built in 1953. What should I consider?
While newer than many homes on its street, a 1953 build means essential systems like plumbing, electrical, and the roof should be carefully inspected for age and updates. The renovated basement is a plus, but the focus should be on the integrity of the original structure and major components.

The assessed value seems low compared to the sale price. Why?
Municipal assessed value ($55,500) is for taxation purposes and is often significantly lower than market value. The 2022 sale price of $600k is the relevant market indicator. The assessment data is useful here only for comparing its relative value against other properties in the city.

What does "above average" in these rankings really mean?
It means that for key metrics like living area and lot size, this property outperforms a majority of its direct peers. For example, its living area is larger than 88% of similar homes on its street and 93% of homes in Central River Heights, indicating a genuinely spacious home for the area.

Is the detached garage a significant feature?
In a mature neighbourhood where many homes may only have a carport or driveway, a detached garage offers secure storage, workshop space, or protected parking—a functional advantage that adds convenience and can free up basement or shed storage.