68 Niagara Street – Property Summary
Key Characteristics & Buyer Profile
This is a 2005-built home with 2,236 sq. ft. of living space on a 4,236 sq. ft. lot, assessed at $856,000. Its standout feature is how it compares to surrounding properties. On its own street, it ranks in the top 6% for living area, top 2% for assessed value, and top 1% for being newer. The house is notably larger and more modern than most homes on Niagara Street, where the average year built is 1941.
The appeal here is less about raw size and more about relative positioning. You get a home that’s significantly newer and more spacious than its immediate neighbours, without the land tax premium that often comes with a large lot. The lot is actually smaller than average for both the street and the Wellington Crescent neighbourhood—this is a trade-off that may appeal to buyers who prioritize an updated interior and lower maintenance over a big yard.
This property would suit someone who wants a newer, move-in-ready home in an established central Winnipeg neighbourhood, but doesn’t need a large outdoor space. It’s also a strong fit for buyers who care about resale positioning: being among the newest and highest-valued homes on a street can offer some insulation from market swings, though it also means there’s less comparable upside from future renovations.
Five Possible FAQs
1. How does this home compare to others in Wellington Crescent?
In the broader Wellington Crescent area, this home is around average for living space (ranked 229 out of 548) and above average for assessed value (top 30%). The major difference is age—it’s much newer than the neighbourhood average of 1940. So while it doesn’t have the grand lot or square footage of some historic homes nearby, it offers a modern floor plan and systems that many older properties lack.
2. Why is the assessed value so high relative to the street average?
The street average assessed value on Niagara Street is about $477,000. This home’s $856,000 assessment reflects its newer construction and larger living area. Most homes on this street were built in the 1940s and are smaller, so the value gap is driven by age, size, and condition rather than land. The lot itself is actually below average for the street.
3. Is a 4,236 sq. ft. lot a disadvantage?
It depends on your priorities. In a neighbourhood where lots often exceed 9,000 sq. ft., this is small. That means less outdoor space for gardening or expansion. But it also means lower property taxes, less yard work, and typically a lower purchase price than a comparable home on a larger lot. For buyers who want a city-close location without weekend yard obligations, it’s a practical choice.
4. How does this property rank city-wide?
City-wide, it ranks in the top 6% for living area and top 2% for assessed value among nearly 200,000 comparable homes. The year built is in the top 15%. So while it’s not an outlier for lot size, it’s a strong performer on the features most buyers care about: interior space, modernity, and overall value.
5. Would this home be a good investment?
That depends on what you’re after. As one of the newest and highest-value homes on its street, it may appreciate more steadily than a fixer-upper in the same area. However, the upside from major renovations is limited, since the home is already well-positioned. The small lot also caps the potential for an addition. It’s a solid, low-hassle hold rather than a high-risk flip.