Property Overview: 251 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 251 Elm Street is a classic North River Heights property built in 1922, offering a blend of established character and practical space. With 1,560 square feet of living area, it provides above-average space compared to the typical Winnipeg home, while sitting on a near-half-acre lot (4,824 sq ft) that is very typical for its desirable neighborhood. Its assessed value of $480,000 positions it as an above-average property citywide, but very much in line with the averages for North River Heights and Elm Street itself, suggesting a fair and stable valuation within a sought-after area.
The appeal here is one of balance and location. It’s a home that offers more interior space than many in the city, within a mature neighborhood known for its charm and convenience. A thoughtful perspective is that its 1922 vintage, while older than most, is typical for the area and represents the architectural heritage many seek in River Heights. The data indicates you are buying into a stable, established street where values are consistent. This property would suit a buyer looking for a character home in a prime neighborhood without the premium for a massive or recently renovated lot, and who appreciates having space both inside and out that exceeds Winnipeg norms.
Frequently Asked Questions
How does the home’s age affect value and maintenance?
Built in 1922, the home is older than 86% of properties in Winnipeg. This typically means potential for classic architectural details but also suggests buyers should budget for updates to older systems (like plumbing or wiring) and a thorough inspection to understand the condition of the original structure.
Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $480,000 is used for property tax calculation. While it’s a useful benchmark—showing the home is valued above the city average—the actual market price is determined by current buyer demand, condition, and recent sales. The home last sold between $400k-$450k in 2016.
How does the lot size compare?
At 4,824 sq ft, the lot is slightly below the average for Elm Street but very typical for North River Heights. It offers a substantial yard by city-wide standards, providing good outdoor space without the extensive upkeep of a much larger lot.
What do the "Top %" rankings mean for this home?
These rankings compare this property to others. For example, its living area is in the top 27% citywide (larger than 73% of Winnipeg homes), but ranks closer to average within its own neighborhood. This highlights that you are purchasing in an area where larger, established homes are the norm.
How can I find out the exact past sale prices?
The site provides sold price ranges for transparency. To obtain the exact historical sale figures, which are not displayed due to industry data rules, you must request them directly via email from the service for a manual lookup.