Property Overview: 317 Niagara Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 317 Niagara Street in North River Heights is a classic, compact property built in 1940. With 937 square feet of living space, it is notably smaller than most homes on its street and in the established neighbourhood, positioning it as a more manageable and potentially affordable entry point into a desirable area. The assessed value of $419,000 is fairly typical for North River Heights but sits above the Winnipeg city-wide average for comparable homes, reflecting the premium for the location.
Its primary appeal lies in its efficient footprint on a decent 4,307 sqft lot, offering a balance between a lower-maintenance interior and outdoor space for gardening or expansion. This isn't a sprawling character home, but a practical one. It would suit first-time buyers seeking a foothold in a prime neighbourhood without the upkeep of a larger house, or downsizers looking to retain a yard while simplifying their living space. A thoughtful perspective is that its smaller size and average-for-the-street value could represent a relative value opportunity for those who prioritize location over square footage, especially if the home has been well-maintained or offers renovation potential to customize the space.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 937 sqft, the living area is below average for Niagara Street and the broader North River Heights neighbourhood, where comparable homes average about 1,500 sqft. This indicates a more compact, efficient layout.
2. Is the assessed value reasonable for the area?
The $419,000 assessment is around the average for Niagara Street and North River Heights. Interestingly, it is above the city-wide average for similar homes, which is typical for this established neighbourhood.
3. What is the potential for future expansion?
The lot size of 4,307 sqft is below average for the street but provides a solid footprint. Subject to local zoning and permits, there may be potential to add to the existing structure or create generous outdoor living spaces.
4. When was it last sold, and for how much?
Public records indicate a sale between July 2017 for a price in the range of $300,000 to $350,000. For verified, exact historical sale figures, a manual records lookup is required.
5. How does the age of the home factor in?
Built in 1940, the home is typical for the area. Buyers should budget for expected maintenance or updates common to houses of this era, while also appreciating the established character of the neighbourhood it represents.