Property Overview: 364 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 364 Elm Street is a well-established property in the desirable North River Heights neighborhood. Built in 1931, it offers 1,516 sqft of living space, which is comfortably above the city-wide average, on a 4,419 sqft lot. Its current assessed value is $483,000.
The appeal lies in its balanced position within the market. The home is not an outlier in any single category but presents a solid, above-average package city-wide, particularly in living space and value. It sits in a mature neighborhood where homes are often compared to each other; here, it holds its own as a mid-range option on its street and in the immediate area. This suggests a property that is neither over-improved nor under-improved for its setting, potentially offering a manageable scale for upkeep.
It would suit buyers looking for a character home in a prime neighborhood without the premium lot size, or those seeking a sensible entry into North River Heights. The consistent, incremental growth in its sold price history indicates a stable investment. It’s a practical choice for professionals, small families, or downsizers who prioritize location and interior space over a large yard.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot of 4,419 sqft is below average for both Elm Street and the North River Heights area. This means smaller outdoor maintenance but potentially less privacy or garden space than some neighbors.
2. Is the home older than most in Winnipeg?
Yes. Built in 1931, it is older than about 82% of homes across Winnipeg, which is typical for its established neighborhood. Prospective buyers should factor in the potential for updates and the character features common to homes of this era.
3. What does the sold price history indicate?
The home has sold four times since 2016, each time at a higher price range, showing steady appreciation. The most recent sale was in July 2024 in the $500k-$550k range.
4. How does its value compare to the rest of the city?
With an assessed value of $483,000, this property ranks above average city-wide (top 23%), meaning it is valued higher than most Winnipeg homes. This reflects the combined desirability of its neighborhood and its attributes.
5. Where can I get verified sale price details?
The exact sold prices are not publicly displayed on this site. You can request the full transaction history and exact figures via email, and the team will provide a manual lookup, typically by the end of the same business day.