Property Overview: 369 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 369 Montrose Street in North River Heights is defined by its substantial size and premium valuation within a well-established neighbourhood. The key appeal lies in its generous 2,261 sqft of living area, which places it comfortably within the top 10-16% of homes locally, offering significantly more space than the average area or citywide home. This is complemented by an above-average lot size of nearly 6,000 sqft for the neighbourhood, providing ample outdoor space.
The property’s most striking characteristic is its assessed value of $789,000, which ranks in the elite top 5% on its street and top 4% in North River Heights. This indicates it is considered a high-calibre home for the area, likely due to a combination of its size, condition, and location. Built in 1942, its age is typical for the historic character of the street, suggesting it may offer classic architectural charm with the potential for modern updates.
This home would best suit buyers looking for a spacious, established property in a prime inner-city neighbourhood. It appeals to those who value room to grow, a large yard, and a home that stands out in terms of investment and stature within a desirable community. It’s a solid choice for someone less concerned with a brand-new build and more focused on proven value, space, and location.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $789,000 is for municipal tax purposes and is a strong indicator of the home’s high standing in the market. However, the final sale price is determined by current market conditions. The home last sold between $450,000-$500,000 in 2019, highlighting significant appreciation.
2. Is a home from 1942 a concern?
The age is typical for North River Heights, a neighbourhood prized for its character homes. While this means potential for charming original features, it also necessitates a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof, which may have been updated over time.
3. What does the "elite" value ranking practically mean for me?
It confirms you are looking at one of the more substantial and likely well-appointed homes in the area. It also means your property taxes will be commensurate with this high valuation. The benefit is owning a top-tier asset in the neighbourhood.
4. The lot is above average for the area but average citywide. Why?
This reflects the neighbourhood’s character. North River Heights features mature, generous lots compared to many newer subdivisions. While some newer areas may have larger lots, they often lack the established trees, central location, and character that this lot in North River Heights provides.
5. Can I see the exact historical sale prices?
For precise sale figures and a full transaction history, you must request a manual lookup via email from the site. Public records show price ranges for privacy, but verified data can be provided directly upon request.