Property Overview & Key Characteristics
This home at 323 Montrose Street in North River Heights is a classic, century-old property that presents a solid value proposition based on its space and location. Built in 1925, its key appeal lies in its generous proportions. With 1,768 sqft of living space, it is notably larger than the average Winnipeg home and above average for the desirable North River Heights area. This is complemented by a sizable lot of nearly 6,000 sqft, which is well above the neighbourhood average, offering significant outdoor space.
The home’s assessed value of $584,000 reflects its premium positioning, ranking within the top 15% of the neighbourhood and the top 9% citywide. Recent sale data suggests it sold for between $600,000 and $650,000, confirming its market position. The appeal here is for a buyer seeking character and space over new construction. It suits someone who values a mature neighbourhood, has the vision for a heritage home, and appreciates having a larger-than-average lot for the area—perfect for gardening, expansion, or simply more privacy. It’s a property that trades modern build-year statistics for established charm and generous room sizes.
Frequently Asked Questions
1. How does the age of the home affect its value and potential?
While older than most on its street and in the city, the 1925 build date is typical for North River Heights' character. It suggests classic construction and architectural details but warrants a thorough inspection for updates to major systems like wiring, plumbing, and the roof.
2. Is the assessed value a reliable indicator of the sale price?
The assessed value ($584k) is an administrative figure for tax purposes. The recent sold price range of $600k-$650k is a more direct market indicator, showing the property commanded a premium above its assessment.
3. What does the lot size mean for a buyer?
At 5,997 sqft, the lot is significantly larger than the North River Heights average. This is a key asset, providing more yard space, better potential for additions or a garage, and often more distance from neighbours compared to newer infill lots.
4. How does this home compare to others nearby?
Its living space is on par with others on Montrose Street but stands out as larger than typical area and city homes. Its value ranks higher, placing it among the more premium homes in the neighbourhood, likely due to the combination of space, lot size, and location.
5. Where can I get verified details on the exact sale price and history?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history and figures via email from the provider, who will manually look up the verified transaction data.