Property Overview: 179 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home on Niagara Street in North River Heights is defined by its generous proportions and established character. Built in 1925, it offers substantial living space of 2,128 sqft, which ranks within the top 8-13% of homes locally and citywide. This positions it as a notably spacious offering, especially compared to the Winnipeg average. The assessed value of $628k reflects this, consistently placing in the top 11% or higher across comparison groups.
The appeal lies in acquiring a well-above-average sized home in a mature, sought-after neighbourhood. The lot size of 4,320 sqft is fairly typical for the street, offering balanced outdoor space without excessive maintenance. A thoughtful perspective is that while the home is a century old, its enduring value is underscored by its high assessment ranking—suggesting it has been maintained or updated in ways the market recognizes. It would suit buyers looking for established charm and more interior room than is commonly found, who are prepared for the character and potential considerations of a 101-year-old structure. It's a solid choice for those prioritizing space and location over a newer build.
Frequently Asked Questions
1. How does the sold price from 2021 relate to the current assessed value?
The home sold for an estimated $500k-$550k in July 2021. The current assessed value of $628k is higher, which may reflect market changes, improvements made since the last sale, or the different methodologies between a market sale and a municipal assessment for taxation.
2. What does the "below average" ranking for the Year Built mean?
This simply indicates that the home (built in 1925) is older than most in its comparison groups. It doesn't reflect condition or value. Many buyers seek the character, build quality, and established neighbourhoods that come with older homes like this one.
3. Is the lot size a disadvantage?
The land area is slightly below the average for North River Heights but is very close to the average for Niagara Street itself. It provides a standard urban lot for the area, sufficient for a garden and patio, without the upkeep of a larger parcel.
4. What can the neighbourhood analysis page show me?
That tool allows you to see this property on a map alongside nearby homes, visually comparing key metrics like year built, size, and value. It helps you understand the context of the home within its specific streetscape.
5. How can I get verified historical sale data?
The site notes that due to industry rules, exact MLS sold prices are not displayed publicly. You can request the full transaction history and exact figures via email from the site's team, who will provide the information manually.