Property Overview: 340 Brock Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a compact, character property built in 1937, situated on a standard city lot in the established North River Heights neighbourhood. Its primary appeal lies in its position as a relatively affordable entry point into a desirable area. With a living area of 992 sq ft, the home is notably cozier than most on its street and in the neighbourhood, suggesting a efficient layout suited to a smaller footprint. The assessed value of $415k is below the local street average but aligns closely with the wider city average, indicating you are paying a premium for the location rather than for square footage.
This property would best suit first-time buyers, downsizers, or investors seeking a lower-maintenance home in a prime neighbourhood without a premium price tag. Its below-average size compared to immediate peers is a trade-off for the location. A thoughtful perspective is that a smaller, well-maintained older home can offer lower utility costs and less space to furnish and maintain, aligning with a simpler, more efficient lifestyle. The lot size, while smaller than many in North River Heights, is still generous by broader city standards, offering good outdoor potential.
Frequently Asked Questions
1. Is this home a good value for the area?
The data suggests it is priced for the location. The assessed value is below the average for Brock Street and North River Heights, but above the city-wide average. You are primarily investing in the neighbourhood, with the home itself offering modest proportions.
2. How does the smaller living area impact daily life?
At 992 sq ft, the home is significantly smaller than many in North River Heights. This necessitates efficient use of space and may not suit those needing multiple dedicated rooms or extensive storage. However, it can be ideal for those seeking a manageable, cozy environment.
3. What should I consider about a home built in 1937?
While the age is typical for the area, a home nearly 90 years old will likely have older mechanical systems (like plumbing and wiring) and may require updates. A thorough inspection is essential to understand the condition and any needed investments.
4. How does the lot size compare, and what does it allow?
At 4,307 sq ft, the lot is smaller than most on the street but is still a good size for a city garden, patio, or play area. It offers outdoor space without the extensive upkeep of a larger yard.
5. Can I get the exact historical sale price?
The listed sale price from April 2021 is shown as a range. To receive the exact, verified sale figure, you must request it directly via email through the website, as the platform does not display MLS data.