Property Overview: 372 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 372 Niagara Street in North River Heights is a classic 1932 bungalow with 926 square feet of living space on a 4,469 sqft lot. Its assessed value of $394,000 sits below the average for its immediate street and neighborhood, but aligns closely with the wider Winnipeg average. This presents a clear value proposition: entry into a well-established, central area at a price point that is competitive city-wide.
The appeal lies in its lot size and location. The property offers a standard-sized yard for the street, providing good outdoor space in a mature neighborhood. For buyers, it represents a practical opportunity. It would suit a first-time homebuyer, an investor, or someone looking to downsize while remaining in a central community. Its price positioning suggests it may be one of the more accessible options in North River Heights, ideal for those prioritizing location over square footage. A thoughtful perspective is that a smaller, older home on a decent lot can offer flexibility—whether that's managing lower utility costs, undertaking a mindful renovation, or simply enjoying a manageable space without the upkeep of a larger property.
Frequently Asked Questions
1. How does the home's size compare to others?
At 926 sqft, the living area is notably smaller than the average home on Niagara Street (approx. 1,491 sqft) and in North River Heights (approx. 1,540 sqft). It is more comparable to the average Winnipeg home (approx. 1,342 sqft).
2. Is the assessed value high for the area?
No. The $394,000 assessment is below the average for both Niagara Street and the North River Heights area. It is, however, very close to the average assessed value for the entire City of Winnipeg.
3. When was it last sold and for how much?
Public records indicate it was sold in December 2016, with the sold price falling within the CA$250,000–$300,000 band. For verified, exact historical sale figures, you can request a manual lookup via email.
4. What is the potential for expansion or renovation?
Built in 1932, the home is of an age where systems may need updating. However, its lot size is consistent with the street, which could provide scope for additions or landscaping, subject to local zoning and permits.
5. How does the lot size compare?
The 4,469 sqft lot is slightly below the average for North River Heights but is fairly typical for Niagara Street itself. It is a manageable size, larger than many city-wide lots, offering a good balance of yard space without excessive maintenance.