Property Overview: 241 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 241 Elm Street is defined by its generous scale and established value within a desirable neighborhood. Its primary appeal lies in its spacious 2,266 sqft living area, which places it in the top 10-12% of homes in North River Heights and the top 5% citywide. This significant above-average size offers ample room for growing families or those who value space. The property carries an assessed value of $651,000, which is consistently ranked in the top 9-12% of its local market, indicating a strong and premium valuation.
Built in 1913, the home is notably older than most in the area, suggesting classic character and potential for heritage charm, but also implying a consideration for maintenance and updates. The lot size of 4,824 sqft is generally average for the neighborhood, providing a balanced outdoor space without excessive yard work.
This property would best suit buyers looking for a spacious, well-established home in a prime area, who appreciate the character of a century-old residence and are prepared for the stewardship that comes with it. It’s a solid choice for those prioritizing interior space and proven value appreciation over a modern build date.
Frequently Asked Questions
1. How does the age of the home (1913) impact its value and appeal?
While its age places it in the bottom 5% for year built locally, this is balanced by its top-tier living area and assessed value. The age suggests classic architectural details but also means potential buyers should prioritize a thorough inspection for foundational, electrical, and plumbing systems.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($651k) is a strong benchmark for municipal taxation and is notably higher than area averages. However, market conditions, the home’s specific condition, and buyer demand will ultimately determine the sale price. It last sold in 2016 for an estimated $500k-$550k.
3. What does the "top 5% citywide" ranking for living area really mean?
It means this home is larger than approximately 95% of all residential properties in Winnipeg. This is a key differentiator, offering rare interior space that is hard to find in most of the city.
4. How does the lot size compare, and what does it allow for?
At 4,824 sqft, the lot is typical for North River Heights. It provides a decent yard for gardening or recreation but is not oversized. This can be a positive for those seeking manageable outdoor maintenance.
5. Where can I find more precise historical data, like the exact past sale price?
The provided sold price data is an estimate from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS.