Property Overview
447 Niagara Street is a well-established home in Winnipeg's North River Heights neighbourhood. Built in 1945, it offers 1,610 square feet of living space on a 4,309 square foot lot, with a current assessed value of $492,000.
Key Characteristics & Appeal
This home presents a solid, middle-ground option in a desirable area. Its primary appeal lies in its efficient use of space; the living area is above the city-wide average, offering more interior room than many homes across Winnipeg, all situated on a modestly-sized lot that requires less maintenance. The assessed value is consistently above average, particularly city-wide, suggesting a strong perceived worth for its size and location.
It suits practical buyers looking for a character home in a mature neighbourhood without the burden of an oversized yard. It’s ideal for those who value interior space over extensive landscaping, and for buyers seeking a property that holds a competitive position in the broader market. A thoughtful perspective is that while the lot is smaller than others on the street, this often translates to lower upkeep costs and a more manageable outdoor space, which can be a hidden benefit for busy professionals or downsizers.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 1,610 sqft, the living area is close to the average for both Niagara Street and the wider North River Heights area. It provides a comfortable amount of space that is actually larger than the typical home across the entire city.
Is the assessed value reasonable for the area?
The assessed value of $492,000 is above the average for Niagara Street and significantly above the Winnipeg city average. It aligns closely with the typical value for the North River Heights neighbourhood, indicating it is priced in line with this established community.
What should I know about the lot size?
The lot of 4,309 sqft is smaller than most in the immediate area and neighbourhood. This is a key consideration if a large yard is a priority, but it also means less exterior maintenance.
How old is the property, and what does that imply?
Built in 1945, the home is older than most in Winnipeg but is actually newer than many homes in North River Heights. Buyers should be prepared for the potential maintenance and update needs common to houses of this era, while also appreciating the classic character and established streetscape.
What was the previous sale price?
Records indicate it last sold in December 2021 for between $450,000 and $500,000. For verified, exact historical sale figures, you can request a manual lookup via email on the property's detail page.