Property Overview: 489 Brock Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 489 Brock Street is a classic 1948-built property in the established North River Heights neighborhood. With 1,164 sqft of living space and a 4,192 sqft lot, its size is notably more compact than most homes on its street and in the immediate area, but aligns more closely with the Winnipeg citywide average for living space. This presents a key characteristic: it’s a more manageable, lower-maintenance property within a neighborhood of typically larger homes. Its assessed value of $407K sits below the street average but is around the norm for North River Heights, suggesting a relatively accessible entry point into this desirable area.
The appeal lies in this value proposition—gaining a foothold in a prime neighborhood without the scale or price tag of its larger neighbors. It suits buyers seeking character and location over sheer size, such as first-time homeowners, downsizers, or investors. A thoughtful perspective is that its smaller lot and living area, while below local averages, could translate to lower utility costs, less upkeep, and a cozier, more efficient layout, which is increasingly valued. The home’s age (newer than many in the area) may also imply potentially fewer immediate updates compared to older neighborhood stock. It last sold in 2019 for an estimated $300K-$350K, indicating significant equity growth since then.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
The home’s living area and lot size are below the averages for Brock Street and North River Heights. This makes it a more compact option in the neighborhood, which can mean less maintenance and lower costs.
2. Is the assessed value in line with the area?
At $407K, the assessed value is slightly below the average for Brock Street but is around the typical mark for the wider North River Heights area. Citywide, it is above average, reflecting the premium for the location.
3. What might the smaller lot size mean for me?
A 4,192 sqft lot requires less yard work and landscaping than larger plots in the area. It may offer less private outdoor space but can be ideal for those seeking a low-maintenance yard or a more efficient use of property.
4. The home was built in 1948. Is that older or newer for the area?
For North River Heights, a 1948 build date is actually newer than average, placing it in the top 12% for the neighborhood. This could suggest updates over the years or building standards from that era.
5. Where can I find verified past sale prices?
The site provides an estimated sale price range from 2019. For fully verified and exact historical transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.