Property Overview: 477 Brock Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,421 sqft home, built in 1948, sits on a 4,401 sqft lot in the established North River Heights neighbourhood. Its primary appeal lies in its strong value proposition and desirable location. The home’s assessed value of $519k positions it above average for both the neighbourhood and the wider city, suggesting a well-regarded property in a sought-after area. While the living space is slightly below the local average, it remains a comfortable size and is notably larger than the typical Winnipeg home.
The property suits buyers looking for a character home in a mature, central neighbourhood without the premium price of a newer or significantly larger lot. It represents a solid, middle-ground option: it’s not the biggest or newest on the street, but it holds a higher-than-average assessed value, which can indicate better finishes, upgrades, or a superior layout. This is an ideal home for professionals, small families, or downsizers who prioritize location and community over a massive yard or ultra-modern construction.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $519k is a strong indicator, placing the home in the top 26% of North River Heights. However, market value is determined by current conditions, recent upgrades, and buyer demand. The last known sale was between $400k-$450k in 2017, so a professional appraisal and market analysis are essential.
2. Is the lot size a disadvantage?
At 4,401 sqft, the lot is slightly smaller than others in North River Heights but is very close to the average for Brock Street itself. It provides ample outdoor space for gardening or recreation without the maintenance burden of a much larger yard, which can be a practical benefit.
3. What should I consider about a home built in 1948?
While the home is structurally sound and from a desirable era for craftsmanship, key systems like plumbing, electrical, roofing, and insulation may need updating or have been updated over time. A thorough home inspection is crucial to understand the condition and any potential upcoming investments.
4. The data shows the home is "around average" for size on its street but "above average" for value. What does that mean?
This often suggests the home offers something beyond pure square footage that adds value. This could include recent renovations, high-quality materials, a superior floor plan, or premium landscaping. It implies you may be paying for quality and condition within a standard-sized footprint.
5. How can I verify the exact past sale price?
The site provides sold price ranges for privacy. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.