Property Summary: 432 Brock Street, Winnipeg
Key Characteristics & Appeal
This 1,212 sqft home, built in 1947, presents a specific value proposition in Winnipeg's North River Heights neighborhood. Its primary appeal lies in its position as a more accessible entry point into a well-regarded area. With an assessed value of $346,000, it sits significantly below the average for both its street and neighborhood, yet is closer to the city-wide average. This suggests you are paying a premium for the location, but a lower one than for most homes on the block.
The home is modest in scale, with a living area and land size (3,878 sqft) that are below local averages but near the typical city footprint. A thoughtful perspective is that this smaller lot and home size could translate to lower maintenance costs and utility bills—a practical consideration often overlooked. It would suit first-time buyers or downsizers seeking the character and stability of North River Heights without the highest price tag, or investors looking for a rental property in a high-demand area. The 1947 build date is actually newer than many homes in the immediate area, which may indicate updates over time or a slightly different architectural style.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
This is typical for a smaller, more modestly sized home on a street and in an area with many larger, higher-value properties. The assessment reflects the home's specific characteristics relative to others.
2. What does the sold price history from 2020 indicate?
The home sold for between $300,000 and $350,000 in May 2020. This past price, combined with the current assessed value, provides a benchmark for market trends over the last five years in this location.
3. Is the smaller lot size a disadvantage?
It depends on your priorities. While it offers less outdoor space than many neighboring properties, it requires less upkeep and may be more manageable. For some buyers, this is a practical benefit.
4. How does the living space compare to a typical Winnipeg home?
At 1,212 sqft, it is slightly below the city-wide average of 1,342 sqft. It offers a compact footprint, which may be efficient for smaller households or those looking to minimize space.
5. Where can I get verified sale history and exact figures?
The provided data is compiled from public sources. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site via email, as this information is not sourced from the MLS.