Property Overview: 165 Montrose Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a 1,399 sqft character property built in 1920, situated on a 4,260 sqft lot in the established North River Heights neighbourhood. Its key appeal lies in its position as a more accessible entry point into a desirable area. The assessed value of $291k is notably below the averages for both the street and the wider neighbourhood, suggesting a potentially lower property tax burden and an opportunity for value-conscious buyers.
The home suits first-time buyers or practical investors seeking character in a mature community without the premium price tag of larger, renovated homes on the street. Its living space is compact compared to immediate neighbours but aligns more closely with the Winnipeg average, appealing to those who prioritize efficient layout over sheer size. A thoughtful perspective is that this property represents the "bones" of North River Heights—offering the location and lot while presenting a clear canvas for modernization or expansion over time, which could be a strategic long-term investment in a stable area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on the property's current state as determined by municipal evaluation. Its ranking at the bottom of the street and neighbourhood for value likely reflects its older age, smaller size, and potential need for updates compared to more recently renovated or larger homes on Montrose Street.
2. What does the "below average" ranking for Year Built mean?
Built in 1920, the home is older than most on its street and in North River Heights, where average build years are in the 1940s. This indicates a classic character home, which may have charming original features but also implies a greater need for attention to aging components like wiring, plumbing, or windows.
3. Is the lot size a disadvantage?
At 4,260 sqft, the lot is smaller than most on Montrose Street but is still a good-sized city lot. It offers ample outdoor space for gardening or recreation while requiring less maintenance than larger plots, which can be a benefit for many.
4. How can I find out the actual sale price history?
The site does not display MLS sold records. You can request the exact sales history and figures by emailing via the "Request exact figures by email" link provided. They will manually look up the information and send it to you.
5. What are the realistic considerations for a home of this age?
A 106-year-old home offers unique charm and solid construction but warrants a thorough inspection. Budgeting for potential updates to mechanical systems, insulation, and energy efficiency is prudent. However, this also allows you to customize renovations to your taste over time, potentially increasing the home's value.