Property Overview: 450 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 450 Montrose Street in North River Heights presents a specific value proposition centered on its generous lot and established location. Built in 1944, the 1,322 sqft house sits on a notably large, approximately 6,000 sqft lot, which ranks well above average for both the immediate street and the broader neighbourhood. This offers significant outdoor space and potential in a mature area.
The appeal lies in a balance of space and price. While the living area is modest compared to others on Montrose Street, its city-wide assessed value of $445k positions it above the Winnipeg average, suggesting the value is anchored in the desirable lot and location rather than the home's size. It suits a practical buyer who prioritizes land and location over a move-in-ready or expansive interior. This could be ideal for someone looking for a long-term home with room for gardens, additions, or future renovations, or for a buyer who values the established, tree-lined streets of North River Heights and is willing to update a character home over time.
Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is around the neighbourhood average but is above the city-wide average. This indicates you are paying a premium for the North River Heights location, with the specific value here tied more to the land than the current structure.
2. Is the lot size a significant feature?
Yes. At nearly 6,000 sqft, the lot is larger than approximately 85% of properties in North River Heights. This is a key asset, offering more privacy, outdoor space, and potential than is typical for the area.
3. What should I consider about the home’s age and size?
The home is older and has less living space than many on its street. Prospective buyers should budget for the maintenance and updates common with homes of this era and consider if the current floorplan meets their needs or if expansions are part of their long-term plan.
4. What do the past sale details indicate?
The property sold in early 2017 for between $350k-$400k. The increase to the current assessed value reflects broader market trends. For precise historical sale figures, you can request the exact data via email from the site.
5. How does this property fit in the immediate area?
It sits among a mix of similar vintage homes. Direct neighbours on Montrose Street have varied assessed values and living areas, showing a streetscape of homes from the same period that have been updated or expanded to different degrees.