Property Overview: 211 Brock Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 211 Brock Street presents a compelling blend of established character and above-average value. Built in 1925, it is an older home in its context, offering classic charm with the understanding that maintenance and updates are part of its story. With 1,527 sqft of living space, it provides roomy, functional accommodation that is comfortably above the citywide average, making it a solid family-sized home.
Its primary appeal lies in its strong value positioning. The assessed value of $554k ranks consistently in the top 20% of comparable homes on its street, in North River Heights, and across Winnipeg. This suggests a property that is perceived to have superior features, condition, or location within its peer group. The lot size of over 5,200 sqft is also a significant asset for the neighbourhood, offering generous outdoor space.
This property would suit a buyer who appreciates the mature, tree-lined streets of North River Heights and is looking for a home with established roots and space. It’s ideal for someone not intimidated by the care an older home requires and who sees value in a lot size that allows for gardens, play areas, or future expansion. The buyer is likely value-conscious, interpreting the high assessed value ranking as an indicator of a sound investment in a desirable area.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means that, compared to similar homes, this property’s official city assessment is higher than most. This typically reflects factors like lot size, home size, condition, and location. It can indicate a premium property in its cohort, but it's also the basis for property taxes.
2. The home was built in 1925. What should I consider?
While offering classic character, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of the foundation, plumbing, electrical, and roof. Budgeting for ongoing maintenance and potential updates should be part of your planning.
3. How does the recent sold price range compare to the assessed value?
The data shows it sold for an estimated $600k-$650k in late 2023, which is above its $554k assessed value. This indicates the market at that time valued it higher than the city’s assessment, a common occurrence in active markets. The exact sale price can be requested from the site.
4. The living area is "around average" for the street but "above average" citywide. How significant is this?
This highlights the character of North River Heights, where homes are generally larger and more established than the Winnipeg average. You’re getting a home that is typical for a spacious, mature neighbourhood, which translates to more room than you’d find in many other parts of the city.
5. What are the advantages of a larger lot in this neighbourhood?
The approximately 5,236 sqft lot is a standout feature. In a well-established neighbourhood where land is scarce, it provides valuable extra privacy, space for recreation, gardening potential, and flexibility for future projects like a deck, shed, or even an addition, subject to zoning.