645 Niagara Street

Property Overview

This well-situated one-storey home at 645 Niagara Street in Central River Heights offers a classic Winnipeg living experience with modern updates. Built in 1952, it sits on a generous 5,494 sqft lot that is notably larger than most on its street. The 1,437 sqft living area is comfortably above average for the neighbourhood, and the home benefits from a renovated basement and a detached garage.

Its primary appeal lies in its established location combined with move-in-ready fundamentals. The renovated basement adds valuable finished space, while the large lot presents a clear advantage for outdoor enjoyment or future expansion relative to nearby properties. The home’s assessed value ranks above average citywide, suggesting a solid foundation of value.

This property would suit a buyer looking for a character home in a prime central neighbourhood without a major renovation project. It’s ideal for those who value private outdoor space and appreciate a home that has already seen key updates. It could work well for a small family, a professional couple, or someone looking to downsize from a larger house while staying in a desirable area.

Frequently Asked Questions

How does the lot size compare practically?
At 5,494 sqft, the lot is in the top 17% on Niagara Street—significantly larger than the street average. This means more yard space for gardening, recreation, or adding a deck or patio compared to many neighbouring homes.

What does “renovated basement” typically mean here?
While specific finishes aren’t listed, in a 1950s home this usually indicates updated essentials like flooring, lighting, and drywall, creating a clean, functional living or recreational space. It’s a key feature that adds immediate usable square footage.

Is the detached garage a pro or a con?
This depends on preference. It provides flexible storage or workshop space separate from the house. However, it means a walk to your car in winter, which some buyers factor in versus an attached garage.

The home sold in 2019 for $400k, but the assessed value is much lower. Why?
Assessed value for property tax purposes is not the same as market value. The 2019 sale price is a more current indicator of its market worth, reflecting what a buyer recently paid for the location, condition, and features.

How does the living area feel for a one-storey layout?
At 1,437 sqft, the living area is above the neighbourhood average. In a bungalow layout, this typically allows for spacious principal rooms and fewer cramped hallways, often creating a more open feel than the square footage might suggest in a two-storey home.