Property Overview: 414 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 414 Niagara Street in North River Heights presents a practical opportunity in a well-regarded neighborhood. Built in 1949, it is a notably newer construction compared to many homes in the immediate area, which may appeal to those seeking a post-war character home with potentially fewer concerns about aging infrastructure common in earlier builds.
With 1,178 sqft of living space, the home is more compact than the average for both its street and neighborhood, suggesting efficient use of space. Its assessed value of $428,000 sits comfortably around the average for Niagara Street and North River Heights, but ranks higher (Top 32%) city-wide, indicating good value within the broader Winnipeg market. The 4,503 sqft lot is fairly standard for the area, offering typical outdoor space.
The primary appeal lies in its position within a stable, established community. It suits first-time buyers or downsizers looking for a manageable home in a central neighborhood without a premium price tag. Its "around average" metrics for the area suggest a property that is neither over-improved nor under-improved relative to its surroundings, making it a straightforward and sensible entry into the market. A thoughtful perspective is that its newer vintage for the area could mean a different architectural style or layout than the neighborhood's older homes, which might be a unique fit for certain buyers.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 1,178 sqft, the living area is below the average for both Niagara Street and the wider North River Heights neighborhood, indicating a more compact footprint.
2. Is the assessed value in line with the area?
Yes. The $428,000 assessment is around the average for the immediate street and the North River Heights area, but ranks above the city-wide average, suggesting the value is supported by its location.
3. What is notable about the year it was built?
Built in 1949, this home is newer than about 90% of the homes in North River Heights, where the average comparable home was built around 1937.
4. What was the last known sale price?
Records indicate the property sold in July 2019 for between $400,000 and $450,000. Exact sale figures require a manual lookup from the provider.
5. How does the lot size compare?
The 4,503 sqft lot is around average for Niagara Street and North River Heights, but smaller than the typical lot across the entire city.