Property Overview: 465 Montrose Street, Winnipeg
Key Characteristics & Appeal
This home at 465 Montrose Street in North River Heights presents a solid, mid-century property with a balanced profile. Built in 1946, its 1,586 sqft living space and $493k assessed value sit comfortably around the average for the immediate street and established neighbourhood, indicating a typical home for the area. Its true standout is the generous 5,999 sqft lot, which ranks well above average for both the street and North River Heights, offering valuable outdoor space and potential.
The appeal lies in its position as a stable, known quantity in a desirable neighbourhood. It’s not an outlier in size or value, which can mean less competition and a more predictable purchasing experience. The above-average lot size is a significant asset, providing room for gardens, play, or future expansion that is harder to find on newer, more densely packed lots. This property would suit practical buyers looking for a character home in a prime neighbourhood without the premium price tag of a fully renovated or oversized property. It’s ideal for those who value land space over sheer interior square footage and are comfortable with a home that reflects its era, possibly seeing opportunity in its established footprint and generous yard.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home sold in December 2022 for between $500,000 and $550,000. This sale price was above average compared to the wider city and North River Heights area, but around a mid-range level for Montrose Street itself, reflecting the street’s overall desirability.
2. Is the living space small for the neighbourhood?
At 1,586 sqft, the living area is slightly below the average for Montrose Street but is actually very close to the average for the broader North River Heights area. It represents a comfortable size that is still above the Winnipeg citywide average.
3. What does the "above average" lot ranking mean practically?
With a lot size ranking in the top 15-30% for both the street and neighbourhood, this property offers more outdoor space than most comparable homes nearby. This is a key advantage for privacy, recreation, or future projects like a deck, garage, or garden.
4. The home is 80 years old. What should I consider?
While the home’s age is typical for North River Heights (ranking older than most city homes but average for this historic area), it necessitates a focus on the condition of major aging components. A thorough inspection of the roof, foundation, plumbing, electrical systems, and windows is essential to understand any needed updates or maintenance.
5. How can I get the exact historical sold price data?
The provided sold price is an estimated range from public records. Due to industry regulations, exact MLS sale figures are not published on the site. You can request the precise sale history by emailing the site directly for a manual lookup, which they provide without obligation.