Property Overview: 178 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 178 Niagara Street in North River Heights presents a compelling mix of established character and above-average valuation. Built in 1926, it is a century-old property that offers a generous 1,500 sqft of living space on a 4,341 sqft lot. The data reveals its core appeal: while the living area and lot size are generally on par with the immediate street and neighborhood, its assessed value of $530k stands out as consistently above average—ranking in the top 20-23% locally and the top 15% citywide. This suggests the property is perceived to offer good value or desirable attributes not fully captured by square footage alone.
Its appeal lies in offering solid space in a sought-after neighborhood, with a valuation that indicates strong underlying worth. The home would suit buyers who appreciate the charm and potential of a character home from the 1920s and are looking for a property with a value proposition that outperforms many peers. It’s a fit for those comfortable with a home that may require updates reflective of its age but is positioned in a stable, desirable community.
Frequently Asked Questions
1. How does this home’s value compare to others?
The home’s assessed value of $530k is notably above average for the street, neighborhood, and even the wider city, placing it in the top 15-23% of comparable properties. This indicates it is considered a higher-value home within its peer group.
2. What should I consider about the age of the home?
Built in 1926, the home is older than most in its comparison groups. This can mean charming architectural details but also warrants a thorough inspection for the condition of major systems (like plumbing, electrical, and the foundation) that may be original or dated.
3. Is the lot size a pro or a con?
At 4,341 sqft, the lot is slightly below average for North River Heights but around average for the street and city. It provides a decent outdoor space typical for the area, but may not offer as much yard as some newer suburban properties.
4. What was the previous sale price?
Records indicate it sold between $500k and $550k in August 2021. For verified, exact historical sale figures, you can request a manual lookup from the site via email.
5. Why is the living area considered "above average" citywide but not locally?
The home’s 1,500 sqft is larger than the average Winnipeg home, ranking in the top 30% citywide. However, within the established North River Heights neighborhood, where homes are often larger, it ranks as average. This highlights the neighborhood’s generally higher standard for living space.