Property Overview & Key Characteristics
This home at 171 Montrose Street in North River Heights is a well-established property that offers above-average space and value within its broader context. Built in 1926, its century-old character is balanced by practical advantages. The nearly 1,800 sqft of living area is notably larger than the average Winnipeg home, and the lot size of just under 6,000 sqft is generous for the neighbourhood, offering valuable outdoor space. With an assessed value of $540,000, it sits above average for both the North River Heights area and the city overall, indicating a solid valuation foundation. Its recent sale in August 2024 for an estimated $600k-$650k further confirms its market position.
The appeal lies in this balance of classic charm and tangible metrics. It suits buyers looking for a character home without sacrificing interior and yard space, and who value a location in a mature, central neighbourhood. It’s a practical choice for those who appreciate a home that already performs well in comparative rankings for size and value, rather than a newer construction or a fixer-upper project. A thoughtful perspective is that while the home is older than most on its street, this often translates to established landscaping, mature trees, and a settled streetscape—qualities not reflected in a "year built" metric.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,794 sqft, the living area is slightly above the average for Montrose Street itself and is significantly larger than the average home in both North River Heights and Winnipeg overall, placing it in the top 27% and 17% respectively for those areas.
2. Is the assessed value in line with the recent sale price?
The assessed value is $540,000. The home sold in August 2024 for an estimated $600,000 to $650,000, which is a typical market premium over the municipal assessment, indicating strong buyer demand.
3. What does the lot size offer?
The 5,999 sqft lot is larger than most in North River Heights (top 15% for the area), providing ample backyard potential. It’s slightly below the city-wide average lot size but offers a generous footprint for an established inner-city neighbourhood.
4. The home was built in 1926. What should I consider?
While the home has historic character, its age means prospective buyers should budget for potential updates to mechanical systems, windows, or insulation that are common with houses of this era. A thorough inspection is essential.
5. How can I verify the exact sold price?
The public listing shows a sold price range. To obtain the exact sale figure, you must request it directly from the website via email, as they manually look up and provide this data due to industry regulations preventing its direct publication.