Property Overview: 491 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 491 Niagara Street in North River Heights presents a solid, mid-century property built in 1948. With 1,220 square feet of living space on a 4,524 sqft lot, it offers a manageable footprint. The assessed value of $452,000 sits around the average for its immediate street and neighborhood, but ranks above average city-wide, suggesting good value relative to the broader Winnipeg market.
The appeal lies in its established location and practical scale. It’s a home that doesn’t stand out for extreme size or newness, but rather for its balance and position in a desirable area. A thoughtful perspective is that its "average" metrics on the street indicate it fits seamlessly into the neighborhood fabric, potentially avoiding the premium often attached to the largest or newest homes on the block. It would suit a buyer looking for a character home in a prime neighborhood without an oversized layout or yard to maintain—ideal for small families, downsizers, or professionals seeking a low-maintenance yet well-located property. The fact that it’s newer than many homes in North River Heights could also mean relatively updated infrastructure.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
Based on available data, its last recorded sale was between $350,000-$400,000 in late 2016. Its current assessed value of $452,000 is above the city-wide average, indicating appreciation and a strong value position across Winnipeg.
2. Is the living space smaller than other homes in the area?
Yes. At 1,220 sqft, the living area is below the average for both Niagara Street and the North River Heights neighborhood. This points to a more compact, efficient layout compared to many neighboring homes.
3. What does the "above average" year built ranking for the neighborhood mean?
Built in 1948, this home is newer than about 88% of the homes in North River Heights. This is a less obvious advantage, suggesting it may have benefited from construction techniques or materials of a later era compared to many of its older, character-rich neighbors.
4. How is the lot size?
The 4,524 sqft lot is slightly below the average for Niagara Street but fairly typical for the central neighborhood. It offers a standard urban yard size—adequate for outdoor space without excessive maintenance.
5. Where can I get verified, exact historical sale prices?
The displayed sold price is a range from public data. For fully verified and exact transaction figures, you must request a manual lookup via email through the site, as this information is not sourced from the MLS system.