Property Overview: 316 Niagara Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 316 Niagara Street in North River Heights is a character property built in 1927, offering a blend of established neighbourhood charm and practical space. With 1,544 square feet of living area, it provides above-average interior space compared to the Winnipeg average, situated on a 4,429 sqft lot. Its assessed value of $412K positions it as a more accessible entry point within its immediate street and area, where average values run higher. The home last sold in June 2024 for an estimated $500K–$550K.
The appeal lies in its value proposition within a desirable, mature neighbourhood. It suits buyers looking for a character home with good interior space who are comfortable with a property nearing its centenary. It may be particularly attractive to value-conscious purchasers who see potential in a well-located, older home, possibly as a long-term hold with room for updates over time. A less obvious perspective is that its "below-average" assessed value for the street could represent a relative tax advantage compared to neighbouring homes, while the solid city-wide ranking for living area suggests the house itself makes efficient use of its footprint.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The property was assessed at $412K, but it sold in June 2024 for an estimated $500K–$550K. This is not uncommon, as assessed values for taxation purposes often lag behind current market values, especially in active markets.
2. Is the lot size typical for the area?
At 4,429 sqft, the lot is slightly below the average for North River Heights (~5,054 sqft) but is very close to the average for Niagara Street itself. It provides a standard urban yard for the neighbourhood.
3. What does the age of the home (1927) imply?
As a home built in 1927, prospective buyers should budget for and expect maintenance consistent with a nearly 100-year-old structure. This includes potential updates to systems like plumbing, electrical, or the roof. The character and build quality of the era are often positives, but they come with the responsibility of ongoing upkeep.
4. The data shows the living area is "above average" city-wide. What does that mean practically?
With 1,544 sqft, this home offers more interior space than approximately 72% of homes across Winnipeg. This suggests a comfortable size for a family, likely with 3+ bedrooms, and is a key asset in an older home where room sizes can sometimes be smaller.
5. How can I get the exact sale price from 2024?
The provided data shows a sold price range. Due to data source restrictions, exact sale prices are not published openly on the site. You can request the exact figure by emailing the site administrators, who will manually look up and provide the verified transaction history.