Property Overview: 190 Niagara Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 190 Niagara Street in North River Heights presents a solid, established property with strong citywide value. Built in 1930, it offers 1,570 sqft of living space on a 4,352 sqft lot, with a current assessed value of $474,000.
Its primary appeal lies in its balanced positioning. The home isn't an outlier in its immediate neighborhood—its size, value, and lot are consistently around the average for Niagara Street and North River Heights. However, when viewed across the entire city, it stands above average in both living space and assessed value, suggesting you get more interior space for your dollar compared to many Winnipeg homes. This creates a compelling value proposition: the character and stability of a mature, sought-after neighborhood without a premium that prices you out.
The property would suit practical buyers who appreciate established communities and see potential in a classic home. It's ideal for someone who values a neighborhood's long-term stability over a brand-new build and is comfortable with the maintenance considerations of a 96-year-old home. The lot size, while smaller than some in the area, still offers good outdoor space for a city garden or relaxation. This isn't a flashy luxury purchase; it's a grounded, sensible home for establishing roots in a desirable area.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
The assessed value of $474k is above the citywide average for comparable homes (which is about $390k), indicating strong value at a city level. On its own street and in North River Heights, it is very close to the average value for the area.
2. What should I consider about the age of this home?
Built in 1930, the home is older than most in Winnipeg (ranking in the top 82% oldest citywide). This often means character and established landscaping, but it also warrants a thorough inspection for updates to major systems like plumbing, electrical, and the foundation, which may be due for maintenance or modernization.
3. Is the lot size typical for the area?
At 4,352 sqft, the lot is below the average for North River Heights (approx. 5,054 sqft) but is around average for Niagara Street itself. It provides a decent urban yard but may feel more compact than some neighboring properties.
4. What do the past sale prices indicate?
Records show it last sold between $350k-$400k in July 2016. The increase to the current assessed value of $474k reflects market appreciation over eight years. For exact historical sale figures, you can request a manual lookup via the website.
5. How does the living space compare?
With 1,570 sqft, the home offers more living area than the average Winnipeg home (approx. 1,342 sqft). In its own neighborhood, it is very close to the average, providing comfortable but not expansive space for the area.