Property Overview: 271 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling opportunity in the sought-after North River Heights neighborhood. Its primary appeal lies in its generous scale and premium positioning within the market. With 2,714 sqft of living space, the home is significantly larger than most, ranking in the top 3% of the neighborhood and top 2% city-wide. It sits on a substantial 6,001 sqft lot, offering ample outdoor space that is well above the area average. Built in 1944, the property is a classic, mature home typical for the street and area, suggesting established character and landscaping.
The assessed value of $730,000 firmly places it among the more premium homes in its context, ranking in the top 5% of North River Heights. This indicates a property that has been upgraded, is in excellent condition, or possesses desirable features that set it apart. Its last recorded sale was between $650,000-$700,000 in mid-2022, a price range that was in the top 4% city-wide at the time.
This property would best suit buyers looking for established character, space, and a prime location. It’s ideal for a family needing room to grow, or for someone seeking a home with a proven investment pedigree in a stable, prestigious area. It appeals to those who value a home that stands out in size and value within its community, rather than a newer construction.
Frequently Asked Questions
1. What does the high assessed value relative to the neighborhood indicate?
A value ranking in the top 5% for North River Heights suggests the home has features, renovations, or a condition that places it at the upper tier of this desirable area. It’s a marker of a premium property within an already premium location.
2. The home was built in 1944. What should I consider?
While the age is typical for the street, a home from this era may have original systems like plumbing or electrical that require updating. However, this vintage also often comes with sought-after craftsmanship, solid construction, and mature gardens that newer homes can’t replicate.
3. How does the lot size compare, and what are the implications?
At over 6,000 sqft, the lot is notably larger than most in North River Heights (top 13%). This allows for greater privacy, potential for additions like a garage or deck, and more green space, which is a key differentiator in mature neighborhoods.
4. The sold price data is from 2022 and shown as a range. Why?
Publicly available non-MLS data is used, and for privacy, exact figures require a manual request. The 2022 sale price provides a historical benchmark, but current market conditions will determine today’s value. The range shown ($650k-$700k) was in the top tier of the market at that time.
5. The home ranks "below average" for year built city-wide. Is that a concern?
Not for this property type. This city-wide ranking simply reflects that most Winnipeg homes are newer, built in post-war suburbs. In the context of established, inner-city neighborhoods like North River Heights, a 1944 build is common and often desirable for its character and location.