Property Overview: 325 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 325 Elm Street is a standout property in Winnipeg’s North River Heights neighborhood, primarily due to its generous living space. With 2,293 square feet, it ranks in the top 10% of homes on its street, the top 9% in the neighborhood, and the elite top 5% city-wide. This makes it a notably spacious home compared to most Winnipeg properties. Built in 1937, its vintage is typical for the well-established, tree-lined streets of North River Heights. The assessed value of $571,000 sits comfortably above average at every comparison level—street, neighborhood, and city—reflecting its desirability and larger footprint.
The appeal lies in securing a character home with ample room in a prime, central neighborhood. It suits buyers looking for established charm without sacrificing interior space, likely growing families or those who value separate rooms for home offices or hobbies. A thoughtful perspective is that while the lot size is average for the area, the efficient use of space is evident in the high living-area-to-lot-size ratio, suggesting a well-designed footprint. The home’s last known sale was around mid-2020 in the $500k-$550k range, indicating solid value retention and growth in a stable market.
Frequently Asked Questions
1. How does this home’s size truly compare to others?
It is exceptionally spacious. With 2,293 sq ft, it is significantly larger than the average Winnipeg home (1,342 sq ft) and even surpasses the average in its own desirable neighborhood by over 750 square feet.
2. What does the assessed value tell me about the listing price?
The assessed value of $571,000 is a municipal valuation for tax purposes, not a market price. It indicates the home is considered a high-value property in its context. Market conditions, the home’s interior condition, and recent upgrades will determine the final sale price, which could be above or below this figure.
3. As a 1937 home, what should I be prepared for?
While the age is typical for North River Heights, potential buyers should budget for updates common to homes of this era. A pre-purchase inspection is essential to evaluate the state of major systems like plumbing, electrical, and the foundation, which may need modernization.
4. Is the lot size a limitation?
At 4,820 sq ft, the lot is average for North River Heights. It provides standard yard space for the area but may not suit those seeking extensive gardens or vast outdoor recreation space. The trade-off is the exceptional indoor living area.
5. How can I verify the exact past sale price?
The site provides an estimated sale range from public records. For the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.