251 Montrose Street

Property Overview: 251 Montrose Street, Winnipeg

Key Characteristics & Appeal

This home at 251 Montrose Street in North River Heights presents a compelling blend of space, location, and value. Its primary strength is its generous living area of 1,990 sq ft, which places it well above average for Winnipeg overall and within the desirable North River Heights neighborhood. This suggests a home that offers ample room for living, likely with a traditional layout characteristic of its era.

The appeal lies in this balance. While the assessed value is around average for the street itself, it stands above average for the wider area and city, indicating you get more interior space for your dollar here compared to many other Winnipeg homes. The property suits buyers looking for established character in a prime neighborhood without a sprawling yard to maintain, as the lot size is notably smaller than others on the block. It’s an ideal fit for those who prioritize interior square footage and location over a large garden or a newer build, and who appreciate the unique narrative of a 1913 home. A thoughtful perspective is that its smaller lot and older age, while not top-tier stats, contribute to its relative affordability within a sought-after area, offering an entry point into a community where many properties are larger and more expensive.

Frequently Asked Questions

1. How does the home’s age affect its value and potential?
Built in 1913, the home is significantly older than most in the city. This can mean charming character and solid construction, but buyers should budget for potential updates to systems like wiring or plumbing and consider a thorough inspection to understand the condition of original features.

2. The lot size seems small. What does this mean practically?
At just under 4,000 sq ft, the lot is smaller than most on the street and in the area. This translates to lower outdoor maintenance, which many buyers appreciate, but less private yard space. It emphasizes the property’s focus on interior living space over expansive grounds.

3. The assessed value is above average for the city but average for the street. What does this indicate?
This typically means the home offers good value relative to Winnipeg as a whole, but is priced in line with its immediate, prestigious location on Montrose Street. You are paying for the North River Heights address, with the bonus of more interior space than many comparable city properties.

4. What can the 2017 sale price tell us?
The home sold for an estimated $400k-$450k in mid-2017. While the market has changed, this provides a historical baseline. The current assessed value of $539k reflects market appreciation and city assessment formulas over the past seven years.

5. How reliable is the sold price data provided?
The site notes this data is from public online sources, not the MLS, and is presented in ranges for non-members. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as they do not have access to official MLS sales records.