Property Overview: 355 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 355 Niagara Street in North River Heights presents a solid, above-average offering in several key areas. With 1,600 sqft of living space, it provides more room than the typical Winnipeg home and is competitively sized for its immediate neighborhood and area. Its assessed value of $510,000 is consistently above average—ranking in the top 30% on its street, in North River Heights, and across the entire city—suggesting it is a substantial property within the market.
Built in 1929, the home is characteristic of the neighborhood's established charm. While its lot size of 4,308 sqft is slightly smaller than others on the block, it remains a generous city parcel. The home last sold in May 2019 for between $450,000 and $500,000, indicating a history of value appreciation.
Its appeal lies in its position as a well-sized, valuable asset in a desirable, mature neighborhood. It would suit buyers looking for a character home with proven investment strength, or those seeking a spacious property that outperforms city-wide averages without being the largest lot on the street. A thoughtful perspective is that this property offers the established neighborhood feel many seek, but with a lot size that may mean less yard maintenance than some neighboring homes.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $510,000 is above the average for Niagara Street, North River Heights, and Winnipeg as a whole, placing it in the top 18-27% of comparable properties citywide.
2. Is the living space considered large for the area?
At 1,600 sqft, the living area is larger than the Winnipeg average and is competitive within North River Heights. It offers more space than about 75% of homes across the city.
3. What should I know about the age of the home?
Built in 1929, the home is older than most in Winnipeg but is typical for the well-established North River Heights neighborhood. Prospective buyers should factor in the potential for updates and maintenance common with homes of this vintage.
4. How can I find out the exact price it last sold for?
The public sold price data shows a range of CA$450,000–$500,000 from May 2019. For fully verified and exact historical sale figures, you can request a manual lookup by email through the listing site.
5. Is the lot size a disadvantage?
The lot is 4,308 sqft, which is slightly below the average for Niagara Street and North River Heights. However, it is close to the city-wide average for comparable homes and still provides a substantial yard space typical of the area.