Property Overview
This two-storey home at 611 Niagara Street in Winnipeg's Central River Heights presents a compelling blend of space, location, and value. Built in 1954, its key characteristic is its generous 2,350 sqft of living area, which ranks in the top 3-4% compared to similar homes on its street, in the neighbourhood, and across the city. This substantial interior space is complemented by an above-average lot size of 5,710 sqft for the area. The home features a renovated basement and a detached garage.
The appeal lies in its rare offering of larger-than-typical family space within a well-established and desirable neighbourhood. It suits buyers who prioritize room to grow or live comfortably over a brand-new build, and who appreciate a home with a mature setting. A thoughtful perspective is that while the 1954 build date is newer than many area homes, it still requires a buyer comfortable with the maintenance considerations of a 70-year-old structure. The significantly higher living area compared to nearby references (like 589 Niagara St. at 1,940 sqft) suggests a potentially more flexible layout or added rooms, which is a standout feature not immediately apparent from the street.
Frequently Asked Questions
1. How does the assessed value relate to the likely sale price?
The home's assessed value is $58,70k, but it last sold for $400k in 2016. Assessed value is for municipal tax purposes and is typically much lower than market value. The current sale price will be determined by recent market conditions in Central River Heights.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permitted status, and whether it includes features like a bathroom, legal egress, or a separate entrance.
3. Is the detached garage heated or insulated?
This detail is not provided. The presence and condition of a detached garage are valuable in this neighbourhood, but its specific utilities and finish would be important for potential use as a workshop or for vehicle storage in winter.
4. How does the lot size compare practically?
At 5,710 sqft, the lot is above average for Central River Heights. This could allow for a larger backyard, more garden space, or better distancing from neighbours than is typical, but the exact layout and how much is usable yard versus footprint should be verified.
5. What are the implications of the home's age and rankings?
Built in 1954, it is newer than many homes on its street and in the area. This is positive, but it still means core systems (like plumbing, electrical, roof) are likely not original and their age/condition should be investigated. Its "elite" ranking for living area is a major advantage, indicating you get significantly more interior space than most comparable properties.