Property Overview: 418 Brock Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 418 Brock Street presents a compelling blend of space, value, and established neighbourhood character. Built in 1948, it offers generous proportions with 1,807 sqft of living area, which ranks well above average for its street, neighbourhood, and the wider city. Its standout feature is the 6,463 sqft lot, placing it in the top 10% of lots in North River Heights, offering significant outdoor space rarely found in newer developments.
The appeal lies in its clear positional strength. The assessed value of $652k is notably higher than local averages, ranking in the top 8% of North River Heights and the top 5% city-wide. This suggests a property that has been significantly upgraded or that holds intrinsic desirability due to its location and lot size. A recent sale in the $900k-$950k range further underscores its market recognition. It suits buyers looking for an established, spacious home in a prime inner-suburban area—perfect for those who prioritize a large yard over a brand-new build, and who understand that value in mature neighbourhoods is often anchored by land size and location.
A less obvious perspective is that while the home is older, its build year (1948) is actually newer than many in North River Heights, potentially meaning updates to original systems may have already been addressed. The data indicates you’re buying into a tier of property that outperforms most comparables, which can be a stabilizing factor in market shifts.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value for taxation ($652k) is a baseline. The reported recent sale between $900k-$950k is a more direct indicator of current market value, showing the property commands a premium.
2. What does the lot size mean for potential use?
At over 6,400 sqft, the lot is substantially larger than typical neighbourhood lots (approx. 5,000 sqft). This allows ample room for gardening, recreation, expansions, or future additions, subject to zoning.
3. Is the living space modernized, and what might need updating?
The listing data does not specify renovation details. As a 1948 home, prospective buyers should budget for inspections of foundational systems like plumbing, electrical, and the roof, while acknowledging the interior may require cosmetic or functional updates.
4. Why is there a difference between the assessed value and the sold price?
Assessed value is for municipal tax purposes and often lags behind the dynamic real estate market. The sold price reflects what buyers are currently willing to pay based on condition, location, and market demand.
5. How can I get the exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to data sourcing rules. You must request the exact figures via email from the provider for a manual lookup.