327 Niagara Street

Property Summary: 327 Niagara Street, Winnipeg

Key Characteristics & Appeal

This home at 327 Niagara Street in North River Heights is a classic, compact property built in 1924. With 974 square feet of living space on a 4,307 sqft lot, it is notably smaller than most homes on its street and in the established neighbourhood. Its assessed value of $368,000 is below the local area average but aligns more closely with the wider Winnipeg average, presenting a distinct value proposition.

The primary appeal lies in its position within a desirable, mature neighbourhood at a relatively accessible entry point. It suits first-time buyers or downsizers seeking the character and location of North River Heights without the premium price tag of a larger, updated home. It represents an opportunity for those willing to live efficiently or who view the property as a long-term foundation, with potential to personalize and add value over time. A thoughtful perspective is that its "below average" size and value for the immediate area are precisely what make it attainable, offering a trade-off between space and location.

Frequently Asked Questions

1. Is this a good value for the neighbourhood?
Based on assessed values, this home is priced below the average for both Niagara Street and North River Heights overall. This suggests it could be a more affordable entry into a sought-after area, though the living space is also smaller than typical homes here.

2. What does the sold price history indicate?
Records show it sold between $300,000 and $350,000 in April 2023. This recent sale provides a concrete benchmark, indicating its market value at that time was consistent with its lower assessed value relative to the neighbourhood.

3. How does the lot size compare?
The lot is 4,307 sqft, which is slightly below average for the street and neighbourhood but near the city-wide average. It offers a decent outdoor space for a home of this size, typical of older neighbourhoods.

4. What should I consider about the home's age?
Built in 1924, it is older than many homes in the city. This often means character and established landscaping, but a prospective buyer should budget for potential updates to older mechanical systems, windows, or insulation that are common in century-old homes.

5. Where can I get verified sale history data?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service via email to provide full transaction history and exact figures, which can be requested through the property page.