Property Overview: 544 Niagara Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on a generous 5,773 sqft lot in Central River Heights presents a solid, no-fuss opportunity. Its primary appeal lies in the combination of a renovated basement and a lot size that is notably larger than most on its street, offering valuable outdoor space and potential in a well-regarded neighbourhood. While the living area is modest at 1,178 sqft, the property holds an above-average assessed value for the area, suggesting it is well-situated and maintained relative to its peers.
The home would suit a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values location and land over a large interior footprint. It’s for someone who sees the renovated basement as a key functional upgrade and the sizable lot as a canvas for gardening, expansion, or simply enjoying more private outdoor space than is typical. A less obvious perspective is that its 1951 build date, while not new, is actually younger than many homes on Niagara Street, potentially meaning fewer legacy maintenance issues than older neighbours.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The lot is in the top 14% for size on Niagara Street, providing more yard space than most comparable properties in the immediate area. This is a defining feature of the property.
2. How does the living space compare to the neighbourhood?
The living area is modest. It is below the average for Niagara Street but aligns closely with the typical size of homes across Central River Heights and Winnipeg overall. The renovated basement adds functional space.
3. What does the above-average assessed value indicate?
A higher assessed value compared to local averages generally suggests the property is in good condition and/or has desirable attributes (like its lot size and renovated basement) that official valuations recognize within its peer group.
4. Is there a garage?
Yes, the property includes a detached garage.
5. When was it last sold, and for how much?
The home was sold in September 2020 for $46,100. This historical data provides context for its current assessed value and market position.