Property Overview: 422 Montrose Street, Winnipeg
Key Characteristics & Appeal
This 1,408 sqft home, built in 1945, sits on a notably generous 5,999 sqft lot in the established North River Heights neighbourhood. Its primary appeal lies in its balance of space and value. While the living area is modest compared to others on the street, the property stands out for its above-average land area within the local area, offering valuable outdoor space and potential. The assessed value of $471k positions it as a solid, mid-range offering on its street and in North River Heights, but it represents an above-average value when viewed across the wider Winnipeg market.
This home would suit a practical buyer looking for character in a mature neighbourhood without a premium price tag. It’s ideal for someone who values a larger yard over a larger house footprint, and who is comfortable with a home of this era, understanding that its value is grounded more in its land and location than in modern square footage. It represents a sensible entry into a desirable area, likely appealing to first-time buyers, downsizers, or investors seeking a property with fundamental strengths in a stable community.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living space is around the average for North River Heights and is actually slightly above the average for Winnipeg citywide. On Montrose Street itself, it is on the more modest side, which is reflected in its assessed value being below the street average.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is a starting point for municipal tax purposes, not a market appraisal. Notably, this home’s assessed value ranks higher city-wide than within its immediate neighbourhood, suggesting it may be perceived as good value in the broader market. A professional market evaluation is essential.
3. What does the lot size mean for a potential buyer?
At nearly 6,000 sqft, the lot is larger than 85% of those in North River Heights. This is a key asset, providing ample room for gardening, recreation, or future expansion (subject to zoning and permits), which is increasingly rare in central neighbourhoods.
4. The home was last sold in 2017. What can be inferred from that?
The previous sale was in early 2017 within the $350k-$400k range. This indicates a period of stable ownership and provides a historical price point, but market conditions have likely shifted since then.
5. Are exact past sale prices available here?
For privacy and industry rules, exact sold prices are not published publicly on this site. The provided range is based on available data. For verified historical figures, a manual lookup through a real estate professional is required.