Property Overview: 285 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 285 Elm Street is a spacious, character property built in 1930, situated on a standard-sized lot in the established North River Heights neighborhood. Its primary appeal lies in its generous scale. With 2,196 sqft of living area, it ranks in the top 12% of homes in the area and the top 7% city-wide, offering significantly more interior space than the average Winnipeg house. This is complemented by an assessed value of $557,000, which is also above average for the city and neighborhood, suggesting a solid level of finish and desirability.
The property suits buyers looking for a classic, roomy home in a mature community without needing an exceptionally large yard. It’s ideal for those who prioritize interior space for a growing family, a home office, or simply more room to breathe. A thoughtful perspective is that while the home is older, its size and value metrics outperform many newer builds in the broader market, offering a unique blend of character and substantial square footage that can be harder to find in modern subdivisions. The last known sale was between $400k-$450k in late 2019, indicating potential for equity growth given current assessments.
Frequently Asked Questions
1. How does the home’s age affect its value and potential?
Built in 1930, the home is around the average age for its street and neighborhood. This typically means charm and established landscaping, but buyers should budget for updates to older mechanical systems, windows, or insulation to improve energy efficiency, which is a common consideration for homes of this era.
2. Is the lot size a limitation?
At 4,822 sqft, the lot is very typical for North River Heights. It provides adequate outdoor space for gardening or recreation but is not an oversized property. The appeal here is weighted more toward the interior space than expansive grounds.
3. The assessed value seems high compared to the 2019 sale price. What does this mean?
The $557k assessment reflects the city’s current valuation for taxation, influenced by market trends and improvements. The sale price from 2019 is a historical data point. The difference highlights the market appreciation over that period, but the actual market value would be determined by current conditions and buyer competition.
4. What do the ranking percentages (e.g., Top 12%) actually tell me?
They show how this property compares to others. For example, its living area is larger than 88% of homes in North River Heights (top 12%). This quantifies that one of this home’s standout features is its above-average interior space within a desirable context.
5. How can I get the exact historical sale prices?
The displayed sale price is an estimated range. Due to industry regulations, exact sale figures are not published online here. You can request the precise sale history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.