Property Overview: 243 Niagara Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1927, situated on a standard-sized lot in the established North River Heights neighbourhood. Its key appeal lies in its position as a relatively affordable entry point into a desirable area. With a living area of 964 sq ft, the home is notably smaller than most on its street and in the neighbourhood, suggesting a cozy, efficient layout that may suit those looking to downsize or seeking a lower-maintenance property. The assessed value of $396k is below the local area average but aligns closely with the Winnipeg city-wide average, indicating good value for the location.
The home would best suit first-time buyers, downsizers, or investors seeking a character property in a prime neighbourhood without the premium price tag of a larger home. A thoughtful perspective is that its smaller size and older vintage, while less modern, offer an opportunity for gradual, personalized updates. Compared to newer builds, it likely carries lower property taxes due to its assessment, and its established lot provides mature greenery and a settled streetscape.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 964 sq ft, the living area is below average for Niagara Street and the wider North River Heights neighbourhood, placing it in the smaller third of homes. This indicates a cozy layout.
2. Is the assessed value considered high for this property?
The $396k assessment is below the average for both Niagara Street and North River Heights. However, it is very close to the city-wide average, suggesting the price reflects a balance of a smaller home in a sought-after location.
3. What is the history of sales for this property?
It was last sold in October 2020, with the public record indicating a price in the $300k-$350k range. For verified, exact historical sale figures, a manual lookup can be requested.
4. How does the lot size compare?
The 4,320 sq ft lot is slightly below average for North River Heights but is around the average for the street itself, offering a typical outdoor space for the immediate area.
5. What are similar nearby properties for reference?
Directly comparable homes include 290 Niagara Street (built 1925, 960 sq ft, assessed at $423k). The listing also shows nearby homes with similar assessed values in other neighbourhoods, such as Varsity View and Elmhurst.