Property Overview: 177 Niagara Street, Winnipeg
Key Characteristics & Appeal
This 1,448 sqft home on a 4,320 sqft lot in North River Heights presents a distinct value-oriented profile. Built in 1926, its century-old character is balanced by a practical living space that is squarely average for the immediate street and neighbourhood. The primary appeal lies in its financial positioning: with an assessed value of $376,000, it sits significantly below the average for both Niagara Street and North River Heights. This suggests a potentially lower property tax burden and an accessible entry point into a desirable area. Its last known sale was between $300k-$350k in 2017.
This property would suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who prioritizes location and value over modern size or finishes. It’s for someone who sees the appeal in a classic Winnipeg neighbourhood and is prepared for the realities and potential rewards of a older home. A thoughtful perspective is that its below-average assessment for the area could indicate either an opportunity for added value through updates or a reflection of its vintage condition, making a thorough inspection essential.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
This can be due to several factors, including the home's age (older than most on the street), the specific condition and features at the time of assessment, or smaller living area compared to area averages. It's a key point to discuss with a real estate professional.
2. What should I consider with a home built in 1926?
While offering classic charm, a home of this age will likely have older mechanical systems (like plumbing and wiring), insulation standards, and require diligent maintenance. A comprehensive home inspection is highly recommended to understand the condition and potential future costs.
3. How does the lot size compare?
At 4,320 sqft, the lot is slightly below average for North River Heights but fairly typical for Niagara Street. It offers a standard urban yard space, which is a valuable asset in the neighbourhood.
4. What does the sold price data from 2017 tell me?
It provides a historical benchmark, but the market has changed significantly since then. It’s more useful as a point of reference for the property’s history than as a direct indicator of its current market value.
5. Are the exact past sold prices available?
The site provides sold price ranges for context. To obtain fully verified and exact transaction figures, you would need to request a manual lookup from the site’s team or consult with a real estate agent who has access to the complete MLS sales history.