Property Overview: 322 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 322 Montrose Street in North River Heights is a property defined by its generous space and premium valuation within its markets. Built in 1927, it offers 2,084 sqft of living area, which places it consistently above average—ranking in the top 23% on its street, top 14% in the neighbourhood, and top 9% citywide. The lot size of 5,998 sqft is notably spacious for North River Heights, ranking in the top 16% of the area.
The primary appeal lies in its significant assessed value of $700,000, which is positioned in the top 11% on Montrose Street, top 6% in North River Heights, and an elite top 4% across the entire city. This indicates a property that is considered substantially more valuable than most comparable homes. Historical data shows it last sold in late 2020 for an estimated $750k–800k, a price point that was in the top 2% citywide at the time.
This home would suit buyers looking for a character property with ample interior and exterior space in a established neighbourhood. It is ideal for someone who values a home that stands out in terms of square footage and perceived value within its community, and who is prepared for the considerations that come with a nearly 100-year-old structure. It may also attract those viewing real estate as a long-term investment in a statistically high-performing asset class for the area.
Frequently Asked Questions
1. How does the 1927 build date affect the home?
While the age is greater than many on its street, it is around average for the North River Heights neighbourhood, which is known for its character homes. Buyers should budget for potential updates to older mechanical systems, windows, or insulation, but also gain the architectural charm and solid construction typical of the era.
2. The assessed value seems high. What does this mean for property taxes?
A higher assessed value generally leads to a higher property tax bill. While it signifies the city’s view of the property’s premium worth, buyers should factor this into their ongoing ownership costs.
3. Is the lot size a major advantage?
Yes, particularly for North River Heights. The lot is over 15% larger than the neighbourhood average, offering valuable outdoor space, potential for gardening, expansion, or simply more privacy—a growing rarity in mature central neighbourhoods.
4. The home sold in 2020. What can that price tell me?
The prior sale price, which was in a very high percentile, confirms a multi-year trend of this property commanding a premium. It suggests strong, sustained market confidence in this specific home’s value relative to others.
5. Where can I get exact historical sale data?
The precise sale figures are not publicly displayed due to data source rules. You can request the exact sold price history directly via email from the site provider, who will manually look up and send the verified information.