Property Overview: 359 Niagara Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 359 Niagara Street in North River Heights presents a solid, established property in a desirable neighbourhood. Built in 1930, it offers 1,536 sqft of living space on a 4,308 sqft lot, with a current assessed value of $469,000.
Its primary appeal lies in its balance and context. The home's size and value are consistently "around average" for both Niagara Street and the broader North River Heights area, suggesting it fits comfortably within a stable, mature community without being an outlier. A more nuanced perspective reveals that, citywide, this property stands above average in both living space and assessed value compared to typical Winnipeg homes, indicating a good level of substance for the price. The lot size is smaller than many in the immediate area, which could mean less yard maintenance—a potential plus for some buyers.
This property would best suit buyers looking for a character home in a prime neighbourhood without the premium price tag of a larger lot or a fully renovated showcase. It’s a practical choice for those who value location and community character over maximizing square footage or having a vast yard. The data suggests it's a "neighbourhood-standard" home, ideal for someone seeking a straightforward entry into a well-regarded area.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last known sale was in December 2021 in the $450,000-$500,000 range. At that time, the sale price ranked in the top 30% for the street, indicating it was a strong sale relative to other homes on Niagara.
2. Is the lot size a disadvantage?
The land area is below the average for both Niagara Street and North River Heights. This means less private outdoor space than some neighbours. However, it also translates to less yard work. For city-wide comparison, the lot is around average, putting the local context into perspective.
3. What does the "above average" city-wide ranking for living space mean?
While the home is average for its affluent neighbourhood, it offers more interior space than about 72% of homes across the entire city. This highlights the value of buying in an established area where even an average home provides substantial room compared to the broader market.
4. How current is the assessed value?
The provided assessed value is the latest municipal assessment for taxation purposes. It is a formal valuation but may not reflect the exact current market price, which can be influenced by factors like condition, updates, and market trends.
5. Can I get the exact historical sale prices?
The site provides sold price ranges for privacy. To obtain the exact sale figures and a full transaction history, you must request a manual lookup from the service, which they will provide via email.