Property Overview: 400 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 400 Niagara Street in North River Heights is a well-established property that offers strong value through its generous living space. Built in 1938, it presents a classic character home opportunity. Its primary appeal lies in its above-average interior size; with 1,766 square feet of living area, it ranks in the top quarter of homes on its street, in the neighbourhood, and across the entire city. This means you get significantly more house for your dollar compared to many Winnipeg properties.
The assessed value of $482,000 is very typical for North River Heights and Niagara Street, but is notably above the city-wide average, reinforcing the desirability of the area. The lot size of 4,490 sqft is standard for the street but slightly below average for the neighbourhood, suggesting a focus on the home itself rather than expansive outdoor space. A thoughtful perspective for buyers is that this property represents a balanced, middle-of-the-road option on a street of similar homes—it’s not the largest or newest, but it holds its own with solid space and value. It last sold in mid-2019 for an estimated $350k-$400k, indicating substantial equity growth since then.
This home would best suit buyers looking for the character and space of an older home in a prime central neighbourhood, who prioritize interior square footage over a massive yard. It’s ideal for someone who appreciates a stable, established community where property values are consistently strong.
Frequently Asked Questions
1. How does the home’s size compare to others?
The 1,766 sqft living area is a standout feature. It is larger than approximately 77% of homes on Niagara Street, 72% in North River Heights, and 82% of homes across Winnipeg.
2. Is the assessed value in line with the neighbourhood?
Yes. The $482,000 assessment is almost identical to the average for both Niagara Street and North River Heights as a whole, indicating it is fairly valued within this desirable area.
3. What is the lot size like?
The 4,490 sqft lot is very typical for Niagara Street but is somewhat smaller than the average lot in the broader North River Heights neighbourhood.
4. When was it last sold and for how much?
Records show it was sold in May 2019. The public price data indicates a sold price range of CA$350,000 to $400,000. For verified, exact historical sale figures, you can request a manual lookup from the site.
5. How does its age compare to other homes?
Built in 1938, it is older than most homes across Winnipeg but is very typical for the North River Heights area, where many homes date from the same early-to-mid 20th century period.