Property Overview: 219 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition in the established North River Heights neighborhood. Built in 1922, it is a character home with a living area of 1,576 sqft situated on a 4,824 sqft lot, offering space and classic charm. Its primary appeal lies in its competitive positioning: while its assessed value of $399k is notably below the averages for both its street and neighborhood, its living space is above the citywide average. This suggests a potential value opportunity for a buyer willing to invest in updates, as you may be acquiring more interior space for your dollar compared to many Winnipeg homes.
The property would suit a practical buyer who appreciates older homes and is looking for a solid entry point into a desirable area. It’s ideal for someone with a vision for gradual improvements or who prioritizes functional space and lot size over a modern, turn-key condition. A thoughtful perspective is that its "below average" assessed value on Elm Street could indicate room for equity growth as updates are made, especially in a neighborhood where home values are generally higher.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The home’s assessed value ranks in the bottom 10% on Elm Street. This is typically influenced by factors like the home’s age (104 years), its specific condition, and the timing/scope of any past renovations compared to its neighbors. It reflects the city’s valuation for tax purposes, not necessarily the market price.
2. How does the living space compare to other homes?
With 1,576 sqft, the home offers more living area than the average Winnipeg house. It is competitively sized for the North River Heights area and is roughly average for Elm Street itself, providing comfortable space for a family.
3. What is the recent sales history?
The property sold in October 2023 for between $350k and $400k. Prior to that, it sold in July 2016 for between $300k and $350k. Exact sold prices are available upon direct request to the site.
4. Is the lot size typical for the area?
Yes. At just under 5,000 sqft, the land area is very close to the average for both Elm Street and the wider North River Heights neighborhood, offering a standard-sized yard for the area.
5. Where can I see more detailed context about this property and its neighbors?
You can open the dedicated neighborhood analysis page to view this property on a map alongside nearby houses, allowing for a detailed comparison of year built, living area, assessed value, and lot size. A link is provided in the full property data.