Property Overview: 270 Niagara Street, Winnipeg
Key Characteristics & Appeal
This is a substantial and highly valued character home in North River Heights, built in 1927. Its primary distinction is its exceptional size and premium valuation. With over 2,000 square feet of living space, it ranks within the top 10-16% for area compared to neighbours and city-wide averages. The standout feature is its assessed value of $933,000, which places it in the elite top 1-2% of all comparable homes on its street, in the neighbourhood, and across Winnipeg. This suggests a property that has been significantly expanded, meticulously renovated, or holds a premier location.
The appeal lies in owning a home that is a clear outlier in terms of space and value within its context. It suits buyers looking for a established, spacious character home without compromising on modern comforts, likely already extensively updated. It would particularly attract those who value statistical prestige—owning one of the highest-assessed homes in a desirable area—and who have the budget for a property positioned well above the local market average. The lot size is relatively standard for the area, indicating the value is driven by the home itself rather than the land.
Frequently Asked Questions
1. Why is the assessed value so much higher than nearby homes?
The assessed value is in the top 1% for the street and area, nearly double the local average. This typically results from major renovations, additions, or premium interior finishes that significantly increase the property's market value beyond its original character.
2. What does the sale history tell us about the property's market performance?
It sold in 2021 for between $850,000-$900,000 and previously in 2017 for $800,000-$850,000. This history shows strong, consistent growth in value and indicates it has transacted at a premium price point for several years.
3. How does the age of the home (1927) factor in?
While older than the city-wide average, its age is typical for North River Heights. This suggests the home's character is aligned with the neighbourhood charm, but the high assessment indicates any heritage features are likely complemented by substantial modern updates.
4. Is the lot size a limiting factor?
At just over 4,400 sq ft, the lot is slightly below average for North River Heights. This highlights that the property's premium is not for extensive outdoor space but is almost entirely attributed to the size and quality of the home itself.
5. How can I verify the exact past sale prices?
The site provides estimated price ranges. To obtain the exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.