Property Overview: 470 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,575 sqft home, built in 1948, presents a solid and balanced offering in the desirable North River Heights neighborhood. Its primary appeal lies in its strong positional value—the property consistently ranks above average when compared to broader city and area benchmarks, particularly in assessed value and lot size. With a 5,998 sqft lot, it offers more outdoor space than most homes in North River Heights, providing room for gardens, play, or expansion.
The home suits practical buyers looking for a well-located character home with clear upside. It’s ideal for someone who values a mature neighborhood and a generous lot over a newly built or maximized interior footprint. The data suggests a property that is not the largest or newest on its street, but one that holds its value well in the wider context, making it a sensible choice for a long-term holder or someone willing to update a classic home to their taste. A thoughtful perspective is that this home represents a "middle ground" investment: it avoids the premium for a fully renovated period home, while offering a lot and location that are increasingly scarce city-wide.
Frequently Asked Questions
1. How does this home’s value compare to its last sale?
The home sold in August 2019 for between $400,000 and $450,000. Its current assessed value of $530,000 reflects market changes since that time. Exact historical sale prices can be provided upon request.
2. Is the living space smaller than other homes on the street?
At 1,575 sqft, it is slightly below the average living area for Montrose Street (approx. 1,766 sqft). However, it is above the average for both North River Heights and the entire city, indicating the street consists of particularly spacious homes.
3. What does the "above average" assessed value ranking mean?
The assessed value ($530k) ranks in the top 23% for North River Heights and top 15% city-wide. This suggests the property is valued higher than most comparable homes in these broader areas, often a reflection of its desirable lot size and location.
4. Are homes from 1948 a concern for maintenance?
A home of this age will likely have had several updates over the decades. While it may require ongoing maintenance or modernization, its construction date is typical for the established North River Heights neighborhood, where many well-maintained homes are of a similar vintage.
5. How can I verify the exact past sale prices?
The displayed sold price is a publicly sourced estimate. To obtain fully verified and exact sale figures from the listing history, you can request a manual lookup by email, which the site provides as a service.