Property Overview: 256 Niagara Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, century-old home in the desirable North River Heights neighborhood. With 1,062 sqft of living space on a 4,398 sqft lot, it presents a more compact and manageable footprint compared to many area homes. Its assessed value of $408k positions it as a more accessible entry point into the neighborhood, sitting below the local street and area averages but aligning closely with the wider city average.
The primary appeal lies in its location within a mature, sought-after community, offering the charm and potential of a character home without the premium price tag of larger, renovated properties on the same street. It suits first-time buyers or downsizers seeking a lower-maintenance property in a prime location, or investors attracted by the solid fundamentals of a classic Winnipeg neighborhood. A thoughtful perspective is that its smaller size and lot, while below area averages, translate to lower utility costs, less upkeep, and a cozier, more efficient layout—appealing traits for those prioritizing location and simplicity over sheer space.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value is below the average for Niagara Street and North River Heights overall. However, it is very close to the average assessed value for the entire City of Winnipeg, suggesting it offers a chance to live in a premium area at a more city-typical price point.
2. Is the living space significantly smaller than other homes nearby?
Yes. At 1,062 sqft, the living area is notably smaller than the averages for both the street and the North River Heights area. This indicates a more compact, efficient home rather than a sprawling one, which can be a practical advantage.
3. What should I know about a home built in 1925?
Built 101 years ago, this home is older than most on its street and in the city. This classic charm comes with the expectation of ongoing maintenance and potential updates to systems like wiring, plumbing, or windows. A thorough inspection is essential.
4. How can I find out the exact price it last sold for?
The site shows a sold price range (CA$300k–350k) from June 2020. To obtain the exact sale price and full history, you must request a manual lookup via email, as this data is not sourced from the MLS system.
5. What does the land size mean for potential expansion or outdoor space?
The lot is just under 4,400 sqft, which is slightly below average for the area but still provides a decent backyard for a city home. Its size is typical for the street, but any future expansion like an addition would need to consider lot coverage bylaws.