290 Niagara Street

Property Overview

This one-storey home on a generous 4,412 sqft lot in North River Heights presents a classic Winnipeg character home with notable updates. Its key appeal lies in the combination of a renovated basement, a detached garage, and a lot size that is significantly larger than many in the immediate area, ranking in the top 24% of the neighbourhood. Built in 1925, the home offers 960 sqft of living space, which is above average for houses on its street. The recent sale history suggests substantial value growth since 2017. This property would suit a first-time buyer or downsizer looking for a manageable, single-level layout in a well-established neighbourhood, with the lot size offering valuable future potential for expansion or outdoor enjoyment that is harder to find on newer infill lots.

Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, legal egress, or moisture control are not provided. A professional inspection is recommended to understand the full scope and quality of this update.

2. How does the assessed value relate to the likely listing price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. Given the home sold for well above its assessed value in 2017 and the market has appreciated, the eventual list price will be determined by current market conditions and the home's updated state.

3. Is the lot size a significant advantage here?
Yes. The lot is over 4,400 sqft, which is larger than 76% of lots in North River Heights. This provides more private outdoor space than is common and is a key asset, whether for gardening, recreation, or future property expansion, subject to zoning.

4. What are the implications of the home's age (101 years)?
While offering classic charm, a home of this age will have older core systems (plumbing, electrical, foundation). The renovated basement is a plus, but a thorough inspection is crucial to understand the condition of the original structure and to budget for potential updates or maintenance.

5. How does this home compare to the nearby "worth viewing" properties?
The comparison homes show a wide range of values and sizes in the area. This property sits at a more accessible price point than new builds (like 182 Queenston St.) and offers more living space than some similarly-priced character homes. Its value proposition is its larger lot and updated basement within a character home.