Property Overview: 244 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, established value, and location. Its primary strength is its generous 2,144 sqft of living area, which places it comfortably within the top 20% of homes on its own street and in the wider North River Heights area. This above-average interior space is matched by an assessed value ($608,000) that also ranks in the top tier locally, suggesting the property is positioned well within its market.
The appeal lies in acquiring a notably spacious home in a desirable established neighbourhood. While built in 1921, making it older than most in the area, this often translates to character, mature landscaping, and a settled streetscape. The lot size is slightly below average for North River Heights but is typical city-wide. Recent sale history shows strong value appreciation, with its last sold price ranking significantly higher city-wide than its previous sale.
This property would suit buyers prioritizing interior square footage over a vast yard, and who appreciate the charm and stability of an older home in a prime neighbourhood. It’s ideal for someone looking for a "move-in ready" size without needing a new-build, and for those who see value in a home that has already demonstrated substantial market growth.
Frequently Asked Questions
1. What does the "above average" ranking for Assessed Value actually mean?
It means this home’s municipal assessment is higher than most comparable properties. On Elm Street, it’s in the top 19%, and in North River Heights, it’s in the top 13%. This typically reflects the market’s view of the property’s worth relative to its location and features.
2. The home is older than most in the area. Should I be concerned?
An older home (1921) comes with considerations like potential maintenance or system updates, but also often features build quality and design details not found in newer homes. Its enduring value in a sought-after neighbourhood indicates these factors are balanced by its location, size, and lot.
3. How reliable are the sold price ranges shown?
The displayed price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site, which they provide without using your information for marketing.
4. The lot size is noted as "below average" for the area. How significant is this?
At 4,423 sqft, the lot is smaller than the North River Heights average (~5,054 sqft) but is close to the average for the city overall. This suggests a more efficient use of land, potentially with less yard maintenance, while still providing outdoor space.
5. Can I see how this property compares visually to its neighbours?
Yes. The site offers a neighbourhood analysis page that maps nearby houses, allowing you to compare this property with others in terms of year built, living area, assessed value, and lot size directly on a map.