Property Overview: 311 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 311 Niagara Street in North River Heights is a classic 1928 character property, offering a blend of established neighbourhood charm and practical value. With 1,050 sqft of living space, it is notably cozier than many homes on its street and in the immediate area, positioning it as a more manageable footprint. Its assessed value of $450,000 is very typical for North River Heights but sits above the Winnipeg city-wide average, reflecting the desirability of the location.
The appeal lies in its efficient scale and prime location. The lot size of 4,307 sqft is smaller than most in the neighbourhood, which translates to less yard maintenance—a potential plus for downsizers or those seeking a lock-and-leave lifestyle without leaving a cherished area. It recently sold within the $450,000–$500,000 range, a price point that performed well against broader market averages. This property would best suit first-time buyers looking to enter a prestigious neighbourhood, or practical downsizers who value location over sheer square footage and wish to reduce upkeep responsibilities.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 1,050 sqft, the living area is below average for both Niagara Street and the wider North River Heights neighbourhood. This indicates a more compact, efficient layout compared to many of the larger homes in the area.
2. Is the assessed value in line with the neighbourhood?
Yes. The $450,000 assessment is almost exactly the average for both Niagara Street and North River Heights, but it ranks above average compared to the entire city, underscoring the area's stronger property values.
3. What does the lot size mean for maintenance?
The 4,307 sqft lot is below average for the neighbourhood. This generally means less yard work and lower exterior maintenance costs, which can be a significant advantage for many buyers.
4. The home was built in 1928. What should I consider?
While its age is typical for the street, it is older than the Winnipeg average. Prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation, balanced against the character and build quality of the era.
5. How can I verify the exact recent sale price?
The provided sold price is given as a range. For the exact figure and full transaction history, you must request a manual lookup via email from the site, as they do not display MLS sold records directly.