Property Overview: 418 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 418 Montrose Street in North River Heights is a substantial and well-established property, built in 1945. Its primary appeal lies in offering above-average space and value across multiple metrics, particularly within its desirable neighbourhood context.
The 2,187 sqft living area is notably larger than most, ranking in the top 20% on its street and the top 12% in North River Heights. This is complemented by a generous 5,999 sqft lot, providing ample outdoor space that is well above the area average. The assessed value of $656,000 reflects this, placing the home in the top 15% on Montrose Street and, more significantly, in the elite top 5% citywide for value relative to comparable properties. This suggests a premium property that holds its value exceptionally well on a broader scale.
The home would suit buyers looking for a character home with room to grow, whether for a family or for entertaining. It’s ideal for someone who values established neighbourhoods with larger lot sizes and appreciates a home that represents a strong, long-term investment within the city landscape. A thoughtful perspective is that while the home is older, its above-average size and lot for the area provide a rare opportunity for updates or expansions that many newer, denser developments cannot match.
Frequently Asked Questions
How does this home compare to others in North River Heights?
The data shows this property ranks above average for the neighbourhood in key categories. Its living area is in the top 12%, its lot size is in the top 15%, and its assessed value is in the top 8% when compared to similar homes in North River Heights.
What is the significance of the city-wide "Top 5%" ranking for assessed value?
This indicates that, compared to similar residential properties across the entire city of Winnipeg, this home’s assessed value is higher than 95% of them. It underscores the property’s relative premium standing in the broader market, not just its immediate area.
The home was built in 1945. What should I consider?
While the structure is older, it is actually newer than the average home in North River Heights. Prospective buyers should plan for a thorough inspection to understand the condition of major systems (roof, plumbing, electrical) common to homes of this era, balanced against the character and build quality often found in this period.
What was the previous sold price?
Public records indicate the home sold in July 2019 for a price between $550,000 and $600,000. For fully verified and exact historical transaction figures, you can request a manual lookup via the provided email service on the property page.
How does the lot size compare?
At nearly 6,000 sqft, the lot is larger than most on Montrose Street and in the North River Heights area. City-wide, it is around the average lot size. This offers more private outdoor space than many neighbouring properties, which is a key feature in established neighbourhoods.