Property Overview: 174 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-century property in the established North River Heights neighbourhood. Built in 1947, its 1,437 sqft living area is comfortably sized, ranking around the average for both the area and the wider city. The assessed value of $537,000, however, sits notably above average for both North River Heights and Winnipeg overall, suggesting a premium for its specific location and condition.
The appeal lies in its positioning within a desirable, mature community. While the lot size (4,800 sqft) is smaller than most on Montrose Street itself, it is typical for the broader neighbourhood, offering a manageable yard. The home’s value ranking significantly higher than its size ranking indicates that factors beyond sheer square footage—such as lot location, street appeal, interior updates, or the character of an older home—are likely contributing to its valuation. It would suit buyers looking for a character home in a prime central neighbourhood, who prioritize location over having the largest lot on the block and are comfortable with a property that may require updates consistent with its era.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value ($537k) is for municipal tax purposes and is a historical estimate. It can differ from current market value. The last known sale was between $400k-$450k in 2016, so a current market evaluation would be needed to determine today's price.
2. Is the living space smaller than other homes on the street?
Yes, at 1,437 sqft, it is below the street average (1,766 sqft). However, it is very close to the average for the wider North River Heights area (1,540 sqft), indicating it offers a typical amount of space for this popular neighbourhood.
3. What does the above-average value ranking but average size ranking imply?
This often suggests the value is driven by intangible factors like a prime spot within the neighbourhood, a well-maintained or updated interior, mature landscaping, or simply the strong desirability of the specific street. It’s a sign that you’re paying more for the setting and condition than for raw square footage.
4. The lot is smaller than others on Montrose. Is that a concern?
While its lot is in the bottom third on Montrose Street, it is near the average for North River Heights as a whole. This means you get a classic neighbourhood feel with a more manageable yard for maintenance, which can be a positive for many buyers.
5. How can I find out the exact past sale prices?
The site provides sold price ranges for context. Due to industry regulations, exact sale figures are not published online here. You can request the full transaction history via email through the provided form to get verified details.