Property Overview: 380 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 380 Elm Street is a well-established property in the desirable North River Heights neighborhood. Built in 1930, it offers 1,748 square feet of living space, which is notably above average for both the neighborhood and the city overall. The assessed value of $571,000 reflects its premium positioning, ranking within the top 25% on its street and the top 17% in North River Heights.
The appeal lies in its combination of generous interior space and a prime location. While the lot size is more compact compared to others on Elm Street, this often translates to less yard maintenance—a potential plus for many buyers. The home’s value metrics significantly outpace city-wide averages, suggesting a solid investment in a sought-after area. It would particularly suit buyers looking for character in a mature neighborhood, who prioritize interior space over a large yard, and who value a property with strong assessed value relative to its peers.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than many lots on Elm Street, it is closer to the city-wide average. This typically means a more manageable yard with less upkeep, which can be a benefit for those not wanting extensive outdoor maintenance.
2. What does the sold price data indicate?
The home sold between $550,000 and $600,000 in July 2023. This sale price ranked in the top 15% for the neighborhood at the time, confirming the strong market demand for properties with these characteristics in North River Heights.
3. Is the older year of build a concern?
Built in 1930, the home is of a similar vintage to many in the immediate area. This is typical for the neighborhood's character. A thorough inspection is always recommended to understand the condition and any updates needed for a home of this age.
4. How does the assessed value relate to market value?
The assessed value ($571k) is used for property tax calculation and is often based on historical data. The recent sold price (CA$550k–600k) is a more direct indicator of current market value, and the two figures are in close alignment.
5. Where can I find more precise historical data?
The provided sold price is an estimate. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site, as this data is not sourced from the MLS.