Property Overview: 281 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 281 Elm Street is a well-established property in North River Heights, built in 1944. Its primary strength is its generous living space. At 2,080 square feet, it offers significantly more room than the average home in Winnipeg, ranking in the top 9% city-wide for size. This makes it a standout for buyers seeking spacious interiors without venturing into newer, often more distant suburbs.
The appeal lies in its balanced position within a desirable neighborhood. The assessed value of $509k is above average for both the wider city and the North River Heights area, suggesting a solid, recognized worth. However, it's interesting to note that on Elm Street itself, the value is around the median. This could indicate the property offers better value or more space for the price compared to its immediate neighbors, presenting a savvy opportunity within a prime location.
The lot size is consistent with area norms, and the home’s age is typical for the character-filled North River Heights streetscape. A recent sale in mid-2024, within the $450k-$500k range, provides a concrete market benchmark. This property would ideally suit buyers who prioritize interior space and established neighborhood charm over a brand-new build, and who appreciate a home with a value proposition that appears stronger the wider the comparison net is cast.
Frequently Asked Questions
1. How does this home’s size truly compare to others?
It is notably spacious. With 2,080 sq ft of living area, it is larger than approximately 91% of homes in Winnipeg and 85% of homes in the North River Heights area.
2. Is the assessed value high for the neighborhood?
The $509k assessment is above the average for North River Heights overall. However, it is very close to the average value specifically on Elm Street itself, indicating it is priced in line with its most direct comparables.
3. What does the 1944 build year mean for me?
This is a character home typical of North River Heights. It is older than the Winnipeg city average but aligns with the historic profile of the area. Buyers should anticipate the maintenance and potential update needs consistent with a home of this era, balanced by the charm and established lot size that come with it.
4. How recent is the sale price data, and how precise is it?
The property sold in May 2024. The publicly available price range provided is $450,000 to $500,000. For the exact sale price, a manual lookup request must be submitted to the site, as they do not display MLS sold records.
5. Where can I see how this property fits into the neighborhood?
You can use the provided link to open a neighborhood map analysis. This tool allows you to see nearby homes and compare key metrics like year built, living area, and lot size visually.