Property Overview: 303 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 303 Montrose Street in North River Heights presents a compelling blend of space, value, and established neighbourhood character. Its primary appeal lies in its generous proportions, both in living space and land size, which rank well above average for the area and the wider city. With over 2,000 square feet of living area and a lot size just under 6,000 square feet, the property offers ample room for family life, gardening, or future expansion.
The assessed value of $616,000 positions it in the top tier of homes locally, suggesting a quality build, desirable location, or valuable updates. A more nuanced perspective is its age; built in 1924, it is notably older than many area homes. This typically appeals to buyers who appreciate classic architectural character and solid construction, but it also implies a greater responsibility for maintenance and potential need for system updates.
This property would best suit buyers looking for a spacious, established home in a prime neighbourhood who are not daunted by the stewardship of a century-old structure. It’s ideal for those who value space over newness and see the higher assessed value as a reflection of enduring quality and location rather than just modern finishes.
Frequently Asked Questions
1. How does the age of the home (built 1924) impact its value and appeal?
While its age places it in an older tier for the neighbourhood, this often contributes to architectural charm and larger lot sizes. The higher-than-average assessed value indicates these historic features and the location are valued. Buyers should budget for thorough inspections and potential updates to older plumbing, electrical, or the roof.
2. The assessed value seems high compared to area averages. What does this indicate?
An assessed value significantly above local averages typically reflects a combination of the home's larger size, its desirable lot, and potentially substantial improvements or premium materials. It’s a strong indicator of the property’s standing in the market, but it's always wise to review recent comparable sales for context.
3. Is the lot size a major feature here?
Yes. At nearly 6,000 sq ft, the land area is above average for North River Heights. This provides valuable outdoor space, privacy, and potential that is increasingly rare in mature neighbourhoods, making it a key asset.
4. The home sold in 2017. What can we infer from that sale?
The previous sale price range (CA$450k–500k) shows significant appreciation in assessed value since 2017. This growth trajectory highlights the property's and area's desirability, but market conditions have also shifted broadly in that time.
5. How can I verify the exact historical sold price, not just the range shown?
Due to data display regulations, exact sold prices are not published on this site. You can request the full transaction history and exact figures by emailing the provided contact; they will manually look up and send the verified information.