Property Overview: 441 Niagara Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition in Winnipeg's established North River Heights neighbourhood. Its key characteristic is its compact size, with 864 square feet of living space, which is notably smaller than most homes on its street and in the area. Built in 1945, the house sits on a 4,309 sqft lot that is fairly typical for the city overall. The most defining data point is its assessed value of $290,000, which is the lowest on Niagara Street and well below the area average, reflecting its modest scale.
The appeal lies in its affordability and opportunity within a desirable, mature neighbourhood. It suits first-time buyers, downsizers, or investors seeking entry into North River Heights without the typical price tag. The property offers a chance to live in a central location with the potential to renovate or expand over time, given the lot size. A less obvious perspective is that its lower taxes and manageable size could be ideal for someone seeking a simpler, more efficient lifestyle without the upkeep of a larger home. Its recent sale history suggests it's a turnkey property, appealing to those wanting a straightforward purchase.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbours?
The assessed value is primarily based on the home's significantly smaller living area compared to others on the street and in North River Heights, which generally features larger homes.
2. What does the sale history tell us?
The home sold twice in recent years (2022 and 2023), each time in a competitive price range for its value tier. This suggests a well-priced, active property in the market, likely in liveable condition.
3. Is there room to expand the house?
The lot size, while below average for the immediate area, is consistent with many city lots and could potentially accommodate an addition, subject to local zoning and building regulations.
4. How does this home compare to others in Winnipeg for the price?
City-wide, its assessed value is closer to the average, indicating you are paying more for the location in North River Heights than for the size of the home itself.
5. Where can I get verified sale price details?
The exact sale prices are not published here due to industry rules. You can request the precise transaction history directly via the email link provided on the listing page for a manual lookup.