Property Overview
483 Niagara Street is a well-established home in Winnipeg's North River Heights neighbourhood. Built in 1948, it offers 1,269 square feet of living space on a 4,524 square foot lot, with a municipal assessed value of $430,000. The home last sold in June 2023 for between $400,000 and $450,000.
Key Characteristics & Appeal
This property represents a classic North River Heights offering. Its appeal lies in its established neighbourhood setting and its position as a relatively standard home for the area, both in size and value. The data suggests it is not an outlier but a solid, middle-of-the-road option. Compared to the immediate street and the broader North River Heights area, its living space and lot size are slightly below the local averages, yet its assessed value is proportionally lower as well. On a city-wide scale, however, it presents an interesting perspective: its assessed value ranks in the top 32%, meaning it is valued higher than two-thirds of Winnipeg homes, while its living space is close to the city average. This indicates you are paying a premium for the desirable North River Heights location.
The home would suit a buyer looking for an entry point into this sought-after neighbourhood without the scale or price of its larger, more renovated properties. It’s a practical choice for those who value location and lot size over expansive interior square footage, and who may be planning to update a home to their own tastes over time.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value of $430,000 is below the average for both Niagara Street ($476.8k) and the North River Heights area ($479.3k). This could reflect its slightly smaller size or a more conservative assessment, and may represent a relative value opportunity within the neighbourhood.
2. Is the lot size typical for the area?
At 4,524 sqft, the lot is slightly smaller than the averages for both the street (4,870 sqft) and the neighbourhood (5,054 sqft). It is, however, a very standard city lot, offering decent outdoor space without extensive maintenance.
3. The home was built in 1948. Is that older than most in North River Heights?
Interestingly, no. While 1948 feels like an older home city-wide, it is actually a newer build for North River Heights, ranking in the top 12% for year built in the area. The neighbourhood average is 1937, so this home is slightly more modern than many of its peers.
4. What can the 2023 sale price range tell me?
The home sold for between $400,000 and $450,000 in June 2023. This sale price range ranked higher city-wide (top 27%) than it did within the neighbourhood (top 46%), reinforcing that prices in North River Heights are generally above Winnipeg norms.
5. Where can I see more detailed data or exact historical prices?
The provided sold price is an estimated range from public data. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as they do not have access to MLS sales records.