Property Overview: 467 Niagara Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,194 sqft home, built in 1948, sits on a 4,309 sqft lot in the established North River Heights neighbourhood. Its key appeal lies in its position as a competitively priced entry point into a desirable area. The assessed value of $404k is notably below the local area average, suggesting a relative value opportunity within the community. The home is newer than many in North River Heights, which may appeal to those seeking a post-war character home with potentially fewer concerns about very old infrastructure.
The property would suit first-time buyers or downsizers looking for a foothold in a central, mature neighbourhood without the premium price tag of larger homes on the street. It also represents a practical option for value-conscious buyers who prioritize location over size, as the living space is more compact than many neighbouring homes. A thoughtful perspective is that its "below average" size and value for the immediate area could mean lower property taxes relative to neighbours, while still providing access to the same amenities and community feel.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home sold in July 2023 for an estimated $450k-$500k. This sale price ranked in the top 40% for the street and top 38% for North River Heights, indicating it was a strong sale relative to its immediate market at that time.
2. Is the lot size a disadvantage?
While the lot is below the average for both Niagara Street and North River Heights, it is close to the city-wide average. It offers a manageable yard size, which could be ideal for those seeking lower maintenance without forgoing outdoor space entirely.
3. What does the "above average" year built ranking mean for North River Heights?
In a neighbourhood with many homes dating to the 1930s and earlier, a 1948 build is relatively newer. This could imply construction methods or home features that are more aligned with mid-century designs and potentially simpler renovation pathways.
4. How reliable is the sold price data shown?
The displayed sold price is a range based on publicly available data. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this site does not display proprietary MLS sales records.
5. Are the assessed value rankings a good indicator of property taxes?
The assessed value is a key municipal input for calculating property taxes. Ranking below the area average for assessed value often correlates with a below-average tax burden compared to neighbouring properties, though the final tax bill also depends on the annual municipal mill rate.