Property Overview: 300 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 300 Elm Street is a well-established property in the desirable North River Heights neighborhood. Built in 1930, it offers 1,796 sqft of living space, which is notably above average for Winnipeg overall and comfortable for the area. The assessed value of $462k positions it as a solid, mid-range offering in this sought-after community, providing good value relative to the wider city market.
The appeal lies in its balance and location. It represents a chance to own a character home in a prime neighborhood without the premium price tag of the largest or most recently renovated properties on the street. The lot size, while smaller than many in North River Heights, is still generous by city-wide standards. This profile suits practical buyers who prioritize neighborhood over sheer size—perhaps young families seeking access to good schools and amenities, or downsizers wanting to stay in the area with less maintenance than a larger lot requires. It’s a home for those who see value in a established community and are comfortable with the potential updates a 96-year-old house might need.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $462k is for municipal tax purposes. The recent sold price range (CA$450k–500k) suggests the market price aligns closely with this assessment, indicating the property is fairly valued in the current market.
2. Is the smaller lot size a significant drawback?
While the 4,420 sqft lot is below average for North River Heights, it is still a good size city-wide. It may mean less backyard space than some neighbors but could also translate to less yard work and lower maintenance costs.
3. What should I consider about a home built in 1930?
A home of this age likely has character but may require attention to older systems like wiring, plumbing, or insulation. A thorough inspection is essential to understand the condition and any needed updates, which can be an opportunity to customize.
4. How does this property rank for investment or resale?
Its above-average living space for the city and location in a consistently desirable neighborhood like North River Heights are strong positive factors for long-term value. Its mid-tier ranking on the street suggests it has room for value growth through thoughtful updates.
5. Can I get the exact historical sold prices?
The website provides sold price ranges. To protect data privacy and comply with industry rules, exact sold prices and full transaction histories are not published online. You can request them directly via email from the service for verified figures.