Property Overview: 422 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 422 Niagara Street in North River Heights is a classic, mid-century residence built in 1945. With 1,452 sqft of living space on a 4,512 sqft lot, it presents a comfortable footprint that is very typical for its established neighbourhood. The assessed value of $436k sits below the local area average, suggesting a potentially accessible entry point into this desirable community.
The primary appeal lies in its location and value proposition within North River Heights. The home represents a solid, average offering on its street and in the neighbourhood across key metrics like size and lot, meaning it fits seamlessly into the area's character without extreme outliers. For a buyer, this translates to a known quantity—a chance to own in a prime area without the premium often attached to larger or fully renovated properties. It would suit a practical buyer, perhaps a young family or a downsizer, who values neighbourhood character over a brand-new build and sees potential in a home that may benefit from personal updates. A thoughtful perspective is that its "averageness" in the area is a strength; it’s not over-improved for the street, which can protect value, and it offers a blanker canvas for customization than a recently flipped property.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $436k is for municipal tax purposes and is typically below market value. The last known sale was between $350k-$400k in April 2019. The current selling price will be influenced by market conditions, the home's interior condition, and recent comparable sales in North River Heights.
2. What does the "above average" year built ranking for the neighbourhood mean?
While built in 1945, this home is ranked "above average" (Top 23%) within North River Heights because the neighbourhood has many homes built even earlier, with an average around 1937. This indicates the home is among the newer homes in this historic area, which may have implications for architectural style and potential maintenance needs.
3. Is the lot size sufficient for additions or a large garden?
At 4,512 sqft, the lot is slightly below the neighbourhood average but is still a generous city lot. It should comfortably accommodate a backyard garden, patio, and play area. Any significant expansion of the home's footprint would require checking with local zoning bylaws.
4. Where can I find exact historical sold prices for this home?
The exact sold price data is not displayed publicly on this site due to industry regulations. You can request the full transaction history and exact figures by emailing the provided contact; they will manually look up and send the information.
5. How does this home compare to others in Winnipeg for space?
Interestingly, while the living area is around average for its street and neighbourhood, it ranks in the top third (Top 33%) city-wide. This highlights that North River Heights generally features larger homes, and this property offers more interior space than the average Winnipeg home.