Property Overview: 270 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 270 Montrose Street in North River Heights presents a distinct profile defined by its balance of space, value, and heritage. Built in 1926, it is a century-old character home with a living area of 1,154 sq ft, which is notably more compact than many neighbours. Its primary appeal lies in its generous 6,003 sq ft lot, which ranks in the top 12-14% for size within the local area, offering significant outdoor potential. With an assessed value of $474,000, it sits at an interesting midpoint: it's above the Winnipeg city-wide average for value but is priced below the average for its immediate street and neighbourhood. This suggests you may get more land and a solid city-wide valuation for your investment, while accepting a smaller, older home that requires consideration of maintenance and modernization.
This property would best suit a specific type of buyer. It’s ideal for those who prioritize private outdoor space over expansive interior square footage—perfect for gardeners, families wanting a large yard, or future expansion projects. It also appeals to value-conscious buyers seeking an entry point into the established North River Heights area, who are prepared for the upkeep and potential updates that come with a century-old home. A less obvious perspective is that its smaller interior, combined with a large lot, could be seen as a canvas for a thoughtful addition or a lifestyle oriented towards outdoor living, setting it apart from more standard, fully developed homes on the street.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $474,000 is for municipal tax purposes and is not a direct market appraisal. Notably, it is below the average assessed value for Montrose Street ($522.7k), which may indicate a pricing opportunity, but the final sale price will be determined by current market conditions, the home's condition, and buyer demand.
2. How does the smaller living area compare practically?
At 1,154 sq ft, the home's living space is significantly smaller than the North River Heights average (~1,540 sq ft). Buyers should consider if the layout and room sizes meet their needs, as the value proposition here shifts from interior space to the substantial lot size.
3. What should I consider with a 100-year-old home?
A home built in 1926 requires careful attention to foundational, electrical, plumbing, and insulation systems. While offering character, it may need updates to meet modern efficiency standards. A thorough inspection is essential to understand the scope of any necessary maintenance or renovations.
4. The lot is large for the area. What are my options?
The 6,003 sq ft lot is a key feature, ranking well above local averages. This allows for possibilities like extensive landscaping, adding a deck or patio, creating garden suites (subject to zoning), or future expansion. It's a major asset for privacy and outdoor activities.
5. Where can I find exact historical sold price data for this home?
The page notes past sales in 2016 but provides only price ranges. For fully verified and exact sale figures, you must request a manual lookup via email from the site provider, as they do not display MLS sold records due to industry rules.