Property Overview: 240 Niagara Street, North River Heights
Key Characteristics & Appeal
This home at 240 Niagara Street presents a compelling mix of space, established value, and mature neighbourhood character. Its primary appeal lies in its generous 1,760 sqft of living area, which ranks well above average for the street, the broader North River Heights area, and the city as a whole. With an assessed value of $536,000, it sits comfortably in the top tier of homes locally, indicating a strong and recognized worth.
Built in 1921, this is one of the older homes on the block, which translates to classic charm and established, tree-lined streetscapes, but also suggests buyers should appreciate the character and potential maintenance considerations of a century-old structure. The lot size is fairly typical for the immediate street but is slightly more compact compared to other lots in North River Heights.
This property would ideally suit buyers looking for a spacious home in a desirable, central neighbourhood who value proven equity and are not deterred by the upkeep of an older, character home. It’s for those who prioritize interior space and investment stability over a brand-new build or a very large yard.
Frequently Asked Questions
1. How does the home’s age impact its value and appeal?
While its 1921 construction date makes it older than most in the area, this is reflected in its established, sought-after streetscape. The higher assessed value suggests that its age hasn’t diminished its market worth; instead, it contributes to the neighbourhood's mature charm. Buyers should factor in the potential for older-home maintenance.
2. Is the lot size a disadvantage?
The 4,387 sqft lot is average for Niagara Street itself. While it’s smaller than the North River Heights average, it is still a very usable urban lot. The trade-off is a larger-than-average interior living space on a standard-sized property.
3. What does the assessed value tell us about the property?
An assessment of $536,000 places this home in the top 20-25% of properties on its street and in the neighbourhood. This is a strong indicator of its perceived market value by the city assessor, well above the Winnipeg citywide average.
4. How does this property compare to others recently sold on the street?
Public records show a home on Niagara Street sold between $450,000-$500,000 in 2017. The current assessed value of $536,000 for 240 Niagara suggests it may be positioned at a higher price point, reflecting its larger size and value growth over time.
5. Where can I get verified historical sale data for this property?
The provided data is compiled from public sources. For fully verified transaction history and exact sale figures, which are not displayed here due to industry regulations, you must request a manual lookup from the site via email.