Property Overview: 253 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 253 Niagara Street in North River Heights presents a solid, character-filled property built in 1923. Its primary appeal lies in its strong value proposition and established neighbourhood setting. With 1,553 square feet of living space, the home offers above-average roominess compared to the Winnipeg average, while its 4,320 sqft lot provides a generous urban yard.
The standout feature is its assessed value of $547,000, which ranks consistently in the top 20% against immediate neighbours, the broader North River Heights area, and city-wide benchmarks. This suggests a property that is perceived to have superior features, condition, or location within its peer groups. While its 1923 build date means it is older than most comparable homes, this also indicates a classic structure with potential for heritage charm. Recent sale history shows steady value appreciation.
This property would suit buyers looking for a established home in a desirable neighbourhood who appreciate space and character. It’s ideal for someone not intimidated by the maintenance considerations of a century-old home but who values the stability and maturity of North River Heights. The data suggests it’s a competitively positioned asset for its area, appealing to long-term owners seeking a sound investment in a prime location.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates that the municipal property assessment for this home is higher than most similar properties on its street, in the neighbourhood, and across Winnipeg. This generally reflects factors like lot value, home size, condition, and improvements, and can signal a premium property in its category.
2. As a home from 1923, what should I be mindful of?
While offering classic charm, a home of this age will likely have older infrastructure. Prospective buyers should pay special attention to the condition of the foundation, plumbing, electrical systems, and roof. A thorough inspection is essential to understand any needed updates or potential heritage restoration considerations.
3. How does the lot size compare for the area?
At 4,320 sqft, the lot is slightly below the average for North River Heights but is very close to the average for Niagara Street itself. This means you get a yard typical for this specific, sought-after street, which may have a more established, compact feel compared to newer subdivisions.
4. The home last sold in 2020 and 2017. Is that frequent?
Two sales in seven years is slightly more frequent than average for a stable neighbourhood. It doesn't necessarily indicate a problem; it could reflect life changes for the past owners. Reviewing the detailed sale price history (available by request) can provide clearer context on its market trajectory.
5. How can I get the exact past sale prices?
Due to data distribution rules, exact sale prices are not published publicly on the site. You can request the full transaction history by email using the provided form. The service will manually look up and provide the exact figures at no cost.