Property Overview: 335 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 335 Niagara Street in North River Heights is a property defined by its strong value proposition and established character. Built in 1922, it is an older home in the context of its immediate street and neighbourhood, which typically suggests classic architectural details and a mature setting. With 1,542 sqft of living space, it offers above-average interior space citywide and is on par with the norm for the North River Heights area.
The primary appeal lies in its significant assessed value of $528,000, which ranks well above average on its street, in the neighbourhood, and across Winnipeg. This indicates a property that is perceived to have substantial worth relative to its peers, likely due to factors like its size, condition, location, or improvements. The sold price range from late 2024 (CA$550k–600k) further confirms a strong market position. The lot, at 4,307 sqft, is slightly smaller than others nearby but is around the citywide average.
This home would best suit a buyer who appreciates the charm and solidity of a century-old home in a desirable established neighbourhood, and who views its above-average valuation as a marker of a sound investment or a well-maintained asset. It’s for those less concerned with having the newest house on the block or the largest yard, and more focused on secure value and space in a prime location.
Frequently Asked Questions
1. How does the age of this home (1922) affect its value and appeal?
While older than most on its street, the home’s above-average assessed and sold prices suggest its age has not diminished its market value. This often points to good maintenance, updates, or desirable period features that offset newer construction appeal.
2. The lot size is noted as below average for the area. Is that a major drawback?
It depends on priorities. The lot is still a standard city size and provides typical yard space. The trade-off is that the property’s value is clearly driven more by the home's living area and overall premium, making it ideal for those who prioritize indoor space over extensive outdoor land.
3. What does the "above average" assessed value really tell me?
It indicates that municipal assessors have valued this property higher than most comparable homes across multiple scales. This generally reflects a combination of factors like location, building size, quality, and improvements, positioning it as a premium offering within its peer group.
4. The sold price range is from late 2024. Is that price reliable for today’s market?
It is a very recent and strong indicator of the home’s market value at that time. While markets can shift, this data point provides a concrete benchmark from less than a year ago, showing what buyers were willing to pay.
5. How can I get the exact sold price?
The exact sold price is not publicly displayed online due to industry data rules. You can request the exact figure by emailing the site via the provided link. They will manually look up and provide the verified transaction history directly.