Property Overview: 453 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 453 Montrose Street in North River Heights is a classic 1944-built property on a generous, well-established lot. Its key appeal lies in its position as a solid, mid-century home within a desirable neighbourhood, offering a balance of space and value.
The 1,472 sqft living area is comfortably sized, ranking around the average for the immediate street and neighbourhood, suggesting it fits the typical scale of the area. A standout feature is the 5,998 sqft land area, which is notably larger than many lots in North River Heights, offering above-average outdoor space and potential. The assessed value of $400k sits below the average for both Montrose Street and North River Heights, indicating a potentially more accessible entry point into this sought-after area compared to neighbouring properties. This creates an interesting dynamic: you're acquiring a home with a lot size that ranks in the top 16% of the neighbourhood, at an assessed value that ranks in the bottom 27%.
This property would suit a practical buyer who values established neighbourhoods and appreciates the character and lot size of a home from this era. It’s a candidate for someone looking for a home with room to grow outdoors, or for a buyer comfortable with the maintenance and potential updates that come with an 82-year-old structure. The value proposition is clear: trade a higher-end finish or square footage for a premium lot in a prime location.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The property sold between $400k-$450k in September 2024. The assessed value is $400k, so the sale price was likely at or moderately above the city’s assessment, which is common in active markets.
2. Is the house smaller than others on the street?
The living area is somewhat smaller than the street average (1,472 sqft vs. ~1,766 sqft). However, the lot is larger than the street average. This suggests the home may offer a different balance of indoor versus outdoor space compared to its neighbours.
3. What does the "below average" assessed value ranking mean?
It means this home’s assessed value is lower than most on Montrose Street and in North River Heights. This isn’t necessarily negative; it can indicate a more affordable entry into the area, possibly reflecting the home’s age, condition, or interior size relative to others.
4. How old is this home compared to others nearby?
Built in 1944, it is typical for the street and actually newer than the average home in North River Heights, which skews older. City-wide, it’s an older home. This is characteristic of the neighbourhood's established charm.
5. Where can I get verified sale price details?
The site notes that exact sold prices are not displayed publicly due to data source rules. You can request the exact sale history directly from the website via email, and they will provide the verified figures manually.