Property Overview: 288 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home presents a specific value proposition centered on its lot and location within the established North River Heights neighborhood. Built in 1927, it is a character home with a compact living space of 962 sq ft, which is notably below the average for both the street and the area. Its primary physical asset is the 4,739 sq ft lot, which is consistent with others on Niagara Street and offers standard suburban space for gardening, play, or expansion.
The appeal lies in its price positioning. With an assessed value of $369,000, it sits significantly below the average for North River Heights (approx. $479k), offering a more accessible entry point into this desirable area. This creates an opportunity for buyers who prioritize location and land over square footage. It would suit a first-time buyer, an investor, or someone looking to downsize into a manageable home in a prime neighborhood, possibly with a long-term view to renovate or expand. A thoughtful perspective is that its smaller size and lower assessment could translate to relatively lower property taxes compared to larger homes on the same block, an ongoing cost savings that adds to its affordability.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (99 years), buyers should budget for updates typical of a century-old home. While specific conditions aren't listed, systems like plumbing, electrical, and the roof likely require inspection and may need modernization.
2. How does the assessed value relate to the likely selling price?
The assessed value ($369k) is for municipal tax purposes and is often different from market value. Notably, it's below average for the area, which may indicate a lower starting point for negotiations, but the final sale price will be determined by current market demand.
3. What are the expansion possibilities?
The lot size is standard for the street and presents a clear opportunity. The existing home's smaller footprint leaves considerable room on the property for an addition, a garage, or outdoor living spaces, subject to local zoning bylaws.
4. Why is there no sales history shown for this listing?
As noted in the data, the platform does not display MLS sales records. The exact sale history can be requested manually from the site operators, who will provide it via email.
5. How does this home compare to the property next door at 290 Niagara?
The direct neighbor at 290 Niagara is a very close comparable, built two years earlier in 1925 with nearly identical living area (960 sq ft) but a higher assessed value of $423k. This difference suggests potential variations in condition, updates, or specific lot features that a buyer would want to investigate.