Property Overview: 255 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 255 Montrose Street in North River Heights presents a compelling blend of established character and practical value. Built in 1914, it is a classic, older home that offers above-average living space (1,699 sq ft) compared to the Winnipeg average, situated on a standard city lot (5,203 sq ft). Its assessed value of $450,000 positions it as a more accessible entry point within its desirable neighbourhood, coming in below the local street average but above the city-wide benchmark.
The appeal lies in its balance. You acquire a solid amount of space in a well-regarded area without the premium price tag often commanded by fully renovated or newer homes on the street. It suits buyers who appreciate the charm and potential of a century-old home and are prepared for the maintenance that comes with it. It’s an ideal match for a practical first-time buyer in North River Heights, a downsizer seeking single-level living (if the layout permits), or an investor looking for a character property in a stable rental market. A less obvious perspective is that its "below-average" metrics for year and lot size on Montrose Street itself may represent an opportunity to own a more manageable property with lower upkeep demands, while still fully benefiting from the neighbourhood's amenities and prestige.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $450,000 and $500,000 in September 2024. The assessed value of $450,000 falls at the very bottom of that sold price range, suggesting the assessment is conservative relative to the recent market transaction.
2. Is the house unusually old for the area?
Yes. Built in 1914, it is notably older than most homes on Montrose Street and in North River Heights overall, placing it in the oldest 10-15% of properties locally. This indicates strong original construction and classic character, but buyers should prioritize a thorough inspection for an older home.
3. How does the living space compare to nearby homes?
The living area is very close to the average for Montrose Street itself and is actually larger than the typical home in both the broader North River Heights area and the city of Winnipeg as a whole. You get more interior space than most Winnipeg homes.
4. What does the lot size mean for outdoor space?
At just over 5,200 sq ft, the lot is slightly smaller than others on Montrose Street but is very typical for North River Heights. It provides a standard city yard—adequate for gardening, play, or entertaining, but not an exceptionally large or sprawling parcel.
5. Where can I get verified historical price data?
The site's sold data is compiled from public sources, not the MLS. For the exact sale price and a full transaction history, you must request a manual lookup via email from the site administrators, as industry rules prevent displaying official MLS records here.