Property Overview: 285 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1925-built home in North River Heights presents a compelling mix of established character and above-average metrics. Its primary appeal lies in its generous 6,273 sqft lot, which ranks in the top 9% for the area, offering significant outdoor space rarely found in newer developments. With 1,853 sqft of living area, the home provides ample interior space, ranking above average for both the neighbourhood and the wider city.
The property’s assessed value of $617k sits comfortably above averages for Montrose Street, North River Heights, and Winnipeg overall, indicating a perceived premium. This is supported by its last sold price in 2022, which was in the top 3% of local sales at the time. A thoughtful perspective is that this home represents a solid, established asset in a mature neighbourhood—it’s not the newest on the block, but it offers substantial land and space that outperform most peers. It would suit buyers looking for a character home with room to grow or garden, and who value a property that stands out in its immediate area for lot size and overall footprint over modern construction.
Frequently Asked Questions
1. How does the home’s age impact its value and potential?
Built in 1925, the home is older than most on its street and in the city. This typically means potential for classic architectural charm but also suggests that updates to major systems (like plumbing, electrical, or insulation) may be a consideration. Its strong assessed and recent sale values indicate these factors are already priced in.
2. Is the lot size a major advantage?
Yes. At over 6,200 sqft, the lot is significantly larger than most in North River Heights (top 9%). This is a key differentiator, offering privacy, landscaping potential, and space that is increasingly difficult to find in established neighbourhoods.
3. The assessed value seems high for the area. Why?
The assessment is above average for every geographic level (street, neighbourhood, city). This reflects a combination of its larger-than-average living area, its premium lot size, and market conditions at the time of assessment. It positions the property in a higher tier relative to its peers.
4. What can the 2022 sale price tell me?
The sale price range of $800k-$850k placed it in the top 3% of sales for the area at that time. This historical data points to strong market demand for this specific property type and suggests it has been viewed as a premium offering.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact transaction history and figures via email from the provider, who will perform a manual lookup. The data presented here is from public sources and is considered reasonably reliable but not MLS-verified.