Property Summary: 466 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a classic North River Heights property that represents a solid, middle-ground option in the Winnipeg market. Built in 1948, it offers 1,638 sqft of living space on a generous, approximately 6,000 sqft lot. Its assessed value of $466k positions it as an above-average property city-wide but is more aligned with the average for the desirable North River Heights area.
The appeal lies in its balance and established location. The lot size is notably larger than many in the neighbourhood, offering valuable outdoor space. While the home itself is not the largest or newest on the street, its living area is spacious compared to the city-wide average, suggesting good utility. Recent sale activity indicates strong market interest. It last sold in April 2024 in the $500k-$550k range, a noticeable increase from its 2018 sale price, reflecting the area's enduring demand.
This property would best suit buyers looking for a move-in ready home in a prime, established neighbourhood without the premium price tag of a fully renovated or newly built home. It’s ideal for those who value a large yard and character over ultra-modern finishes, and for buyers who see the value in a home that already aligns with area averages—offering stability without standing out as an outlier in price or condition.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around the average for Montrose Street and the broader North River Heights area. This suggests it is priced consistently with the neighbourhood, neither under nor over-valued relative to nearby properties.
2. Is the lot size a significant feature?
Yes. At nearly 6,000 sqft, the lot is larger than many in North River Heights, which is a key advantage. It offers more private outdoor space than typical for the area, which is a valuable and less replaceable asset than interior square footage.
3. What does the sale history tell us?
The home sold most recently in April 2024 for between $500,000 and $550,000. This represents a clear increase from its previous sale price of $400k-$450k in 2018, indicating healthy appreciation and sustained buyer demand for well-located homes in this area.
4. Would this be considered an older home needing updates?
Built in 1948, it is older than the average Winnipeg home but is actually newer than many in the historic North River Heights neighbourhood. Buyers should expect the potential for updates common to homes of this era, but its age is typical and not exceptional for this specific, sought-after community.
5. How can I get the exact past sale prices?
The displayed prices are estimated ranges. Due to industry regulations, exact sale figures are not published online here. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide without using your contact information for marketing.