Property Overview: 236 Elm Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling profile defined by spacious interiors within a classic, century-old property. Its primary appeal lies in its generous 2,244 sqft of living area, which ranks within the top 15% on its street and the top 11% in the desirable North River Heights area. This suggests a home offering more room than most comparable properties, ideal for growing families or those who value ample space.
The data reveals an interesting dynamic: you are acquiring significantly above-average square footage at an assessed value that is around or below average for the neighbourhood and city. This positions the property as a potential value proposition for space-seeking buyers, where the investment is more in the usable interior than in the land or newness of the structure. Built in 1913, the home carries the character and potential maintenance considerations of its era, but also the sturdy construction and established streetscape of a mature community. The lot size is modest relative to the street, focusing the appeal on the dwelling itself.
This property would best suit pragmatic buyers who prioritize interior space over a sprawling yard and are comfortable with the nuances of an older home. It’s a match for those looking to get more house for their dollar in a prime neighbourhood, possibly including renovators who see potential in the existing footprint or families seeking established community roots without a brand-new price tag.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $437k is for municipal tax purposes. The recent sold price range of $400k–$450k indicates the market value is likely close to or within this band, but a professional appraisal and current market conditions are the true determinants.
2. What are the implications of the home being built in 1913?
While offering classic charm and likely durable construction, a home of this age may require updates to major systems (like plumbing, electrical, or heating) and insulation. A thorough inspection is essential to understand the condition and any needed investments.
3. The living space is large, but the lot is smaller than average for the street. What does this mean?
This typically means the home itself occupies more of the property, possibly with a smaller backyard. It emphasizes indoor living space over extensive outdoor space, which can mean lower maintenance but less private outdoor area.
4. How does the sold price compare to similar homes?
The data shows the sold price ranked in the top 45% for the area, meaning it sold for more than many neighbourhood homes. However, given its much larger-than-average living area, the price per square foot may be competitive, which is a key metric for comparison.
5. Where can I get verified historical data on this property?
The site notes that exact sold prices and full transaction histories are not displayed online due to industry rules. They offer a manual lookup service; you can request the exact figures by email, which they will provide without using your contact for marketing.