Property Overview: 376 Montrose Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 376 Montrose Street is a classic 1930s character property in the established North River Heights neighbourhood. With 1,296 sqft of living space, it is a more compact option on its street but sits on a generous and above-average lot of nearly 6,000 sqft for the area. This presents a classic trade-off: the house itself is modest in size compared to some neighbours, but the land parcel offers valuable outdoor space and potential.
Its primary appeal lies in its location and value proposition within a desirable area. The assessed value of $535k is notably above average for both the wider city and the North River Heights area, suggesting the market recognizes the premium for this location. It suits buyers seeking an entry point into a mature neighbourhood who value a larger yard over square footage, or those with a vision for future expansion or landscaping. The character of a 96-year-old home will attract those who appreciate heritage charm but requires a buyer comfortable with the maintenance and update needs typical of a house of this era.
A less obvious perspective is its competitive standing. While the home's size is below the street average, its assessed value holds its own locally and excels in broader comparisons. This indicates that factors like lot size, location, and the character of the home itself are significant drivers of its worth, potentially offering a more stable investment rooted in land value.
Section 2: Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. At 1,296 sqft, the living area is below the average for Montrose Street and about average for the broader North River Heights area. The appeal here is balanced by the larger-than-average lot size.
2. What does the assessed value tell us?
The $535k assessment is above average for both North River Heights and Winnipeg overall. This typically reflects the desirable location, lot size, and the property's market value as determined for tax purposes.
3. How old is the home, and what should I consider?
The home was built in 1930. Buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and consider the maintenance inherent to a character home, while also appreciating the craftsmanship and charm of that era.
4. What is the potential based on the lot size?
The lot of 5,998 sqft is a standout feature, being above average for North River Heights. This offers excellent outdoor space for gardens, recreation, or future additions like a garage, deck, or even an expansion, subject to local zoning.
5. Where can I find exact historical sale prices?
The site notes that exact sold price data is not displayed publicly due to industry rules. You can request the full transaction history and exact figures by emailing the provided contact, which they will manually look up and send.