Property Summary: 228 Brock Street, Winnipeg
Key Characteristics & Appeal
This home at 228 Brock Street in North River Heights is a classic, nearly century-old property built in 1929. Its key characteristic is its compact, efficient size of 922 sq ft, which is notably smaller than most homes on its street and in the established neighbourhood. This positions it as a potentially lower-maintenance option within a desirable area known for larger, character homes.
The appeal lies in its location and value proposition. With an assessed value of $458,000, it sits above the Winnipeg city-wide average, reflecting the premium for North River Heights. The lot size of 4,318 sq ft is consistent with the area and offers good outdoor space relative to the home's footprint. Recent sale history shows steady appreciation, with the last sale in 2021 in the $400k-$450k range.
This property would best suit first-time buyers or downsizers seeking entry into a prime, central neighbourhood without the scale or upkeep of a larger house. It’s a practical choice for those who value location over square footage and see potential in a home that may benefit from updates. A thoughtful perspective is that its smaller size could mean lower utility costs and less interior maintenance, allowing owners to invest more in the home's character or enjoy the community amenities.
Frequently Asked Questions
1. Why is the living area significantly smaller than neighbourhood averages?
Homes in North River Heights, especially on streets like Brock, often include larger two-storey character houses. This property is one of the more compact bungalows in the area, representing an earlier or more efficient floor plan that can be appealing for simpler living.
2. How does the assessed value compare to likely market value?
The assessed value of $458k is used for property tax calculation and is typically close to, but not a direct substitute for, market value. It sits around the average for Brock Street but above the city-wide average, reinforcing the neighbourhood's desirability. A current market evaluation is recommended.
3. What does the sale history indicate about the property's value trend?
The home sold in the $350k-$400k range in 2017 and the $400k-$450k range in 2021, suggesting a pattern of appreciation. This aligns with broader market trends and the consistent demand for well-located properties.
4. Is a 97-year-old home a concern?
While the age indicates a need for a thorough inspection to assess the condition of major systems like wiring, plumbing, and the foundation, it also means the home has enduring character and is situated in a mature, stable neighbourhood with established infrastructure and greenery.
5. How can I get the exact historical sold prices for this home?
The exact sold prices are not publicly displayed due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly; they will provide the information manually without using your contact details for marketing.