Property Overview: 166 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 166 Montrose Street is a classic North River Heights property built in 1948, presenting a practical opportunity in a well-regarded neighbourhood. With 1,269 sqft of living space, it is notably cozier than many homes on Montrose Street itself but sits close to the average size for Winnipeg as a whole. Its assessed value of $438,000 tells a compelling story: while it is valued below the average for its immediate street, it sits squarely in the middle for the North River Heights area and is actually above the average assessed value citywide. This suggests you are paying for the desirable location more than for a large footprint.
The appeal lies in securing a lot in a mature, established neighbourhood without the premium price tag of the area's larger, more updated homes. The lot size of 4,884 sqft is very typical for the area, offering standard backyard potential. This property would suit a first-time buyer or downsizer looking for entry into North River Heights, or an investor seeking a character home that may benefit from modernization. Its value proposition is location-centric, ideal for someone who prioritizes neighbourhood over square footage and sees potential in a solid, post-war home.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,269 sqft, the living area is below the average for Montrose Street but is around the middle range for the broader North River Heights neighbourhood. It offers a more compact footprint compared to many neighbouring homes.
2. Is the assessed value of $438,000 typical for this location?
It’s a mix. The assessment is below the street average but is very typical for North River Heights as a whole. Notably, it is above the average assessed value for the entire city, highlighting the neighbourhood's overall desirability.
3. What can the past sale price tell me?
The home sold in October 2017 for between $250,000 and $300,000. This historical data indicates significant appreciation in assessed value over the last several years, reflecting broader market trends.
4. How does the lot size compare?
The 4,884 sqft lot is slightly below the average for Montrose Street but is very standard for North River Heights. It is a typical urban lot for the area.
5. The home was built in 1948. What should I consider?
Built in the post-war era, the home is newer than many in central North River Heights. Buyers should budget for potential updates common to homes of this age, such as windows, roofing, and mechanical systems, while also appreciating the character and solid construction of the period.