Property Overview: 290 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 290 Elm Street presents a compelling mix of space, value, and established neighbourhood character. Built in 1929, it is a mature property with a living area of 1,824 sq ft, which is notably spacious compared to both the wider city and the North River Heights area. Its assessed value of $565k sits comfortably above average for its immediate street, neighbourhood, and Winnipeg overall, suggesting a well-regarded property in a desirable location.
The appeal lies in this above-average interior space coupled with a solid valuation. It suits buyers looking for a character home in a prime central neighbourhood who prioritize liveable square footage over a large yard, as the lot size is more modest compared to others on the street. It’s a practical choice for those who want the charm and stability of North River Heights without necessarily requiring the largest lot on the block. A thoughtful perspective is that this property represents the "sweet spot" of the area: offering more house than many city-wide alternatives, while its value is supported by its standing among peer homes.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,824 sq ft, the living area is larger than the average home in North River Heights and significantly above the Winnipeg city-wide average, placing it in the top 25% locally.
2. Is the assessed value high for the area?
Yes. With an assessed value of $565,000, this home ranks in the top 26% on its own street and the top 18% within North River Heights, indicating it is valued above many comparable neighbourhood properties.
3. What should I know about the lot size?
The land area is 4,420 sq ft, which is below the average for both Elm Street and North River Heights. This suggests a more manageable yard, which could be a plus for low-maintenance living but a consideration for those seeking extensive outdoor space.
4. The home was built in 1929. What does that mean?
As a 97-year-old home, it is older than most on its street and in the city. This typically implies classic construction and character, but prospective buyers should factor in the potential for updates and ensure a thorough inspection.
5. Can I find out the exact historical sale price?
The site provides a sold price range from 2017 ($450k-$500k). To obtain the exact historical sale figures, you must request a manual lookup via email, as this platform does not display MLS data directly.