Property Overview: 348 Niagara Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is a well-established property in the desirable North River Heights neighborhood, built in 1930. With 1,513 square feet of living space on a 4,452 sqft lot, it offers a comfortable footprint that is notably above the city-wide average for interior space. Its assessed value of $472,000 positions it as a solid, mid-range property within its immediate area but stands above average compared to the wider Winnipeg market, suggesting good value retention in a prime location.
The appeal lies in its balance and established context. It’s not the largest or newest on its street, but it holds its own with metrics that are consistently around or above average for the area—a sign of a stable, mature neighborhood. A thoughtful perspective is that its older vintage (1930) may appeal to those who appreciate character homes and established streetscapes, though it implies a need for diligence regarding updates and maintenance. The lot size is slightly more compact than some neighbors, which could mean less yard upkeep—a potential plus for some.
This property would suit a buyer looking for a move-in-ready home in a respected, central neighborhood without the premium of a brand-new build. It’s ideal for professionals, small families, or downsizers seeking space and stability over flashy modernity. Its city-wide value ranking indicates it represents a stronger-than-average investment for Winnipeg, making it a prudent choice for a long-term holder.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
It last sold between $400,000-$450,000 in early 2021. With a current assessed value of $472,000, it appears to be in line with or slightly above that prior sale range, reflecting general market trends.
2. Is the lot size a disadvantage?
At 4,452 sqft, the lot is slightly below the average for North River Heights but is near the median for Niagara Street itself. It provides a manageable outdoor space, which can be preferable for those seeking less maintenance.
3. What should I consider with a home built in 1930?
While offering classic charm, a home of this age will likely have undergone various updates. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, and to identify any needed renovations.
4. The assessed value seems high compared to the city-wide average. Why?
The assessed value is above the Winnipeg average because North River Heights is a established, sought-after neighborhood. Value is driven by location, lot desirability, and the quality of homes in the area, not just square footage.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly for a manual lookup.