119 Niagara Street

119 Niagara Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,568 sqft home built in 1923 on a 4,300 sqft lot, located on Niagara Street in the Wellington Crescent neighbourhood of Winnipeg.

What stands out here is the value proposition. The home’s assessed value ($524,000) ranks well above the citywide average for comparable properties—landing in the top 16% citywide—yet it sits below the neighbourhood average. That gap matters. The neighbourhood average assessed value is over $805,000, meaning this property offers a relatively lower entry point into an otherwise expensive area.

The living area is around average for its street and above average for Winnipeg as a whole. The lot is smaller than typical for both the street and the neighbourhood, which is worth noting if outdoor space is a priority. The house was built in 1923, so it’s older than most homes in the city (top 86% citywide by age), which may appeal to those who appreciate character and craftsmanship, but also means potential maintenance considerations.

This property would suit a buyer who wants to be in the Wellington Crescent area—a desirable, established neighbourhood—without paying the full premium for a larger, newer, or more recently updated home. It’s also a good fit for someone comfortable with an older home who values location over lot size, or for an investor or renovator looking for a property with room to add value relative to the neighbourhood.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The home’s assessed value of $524,000 is above average for Niagara Street (ranked top 22%) and well above the citywide average, but it sits below the Wellington Crescent neighbourhood average of roughly $805,000. This means you’re paying less than many neighbours, but the property is still valued strongly relative to the broader city.

2. Is the lot size a limitation?
At 4,300 sqft, the lot is smaller than average for both the street and the neighbourhood. In Wellington Crescent, lot sizes average around 9,488 sqft. If you’re looking for a large yard or space for additions, this may feel tight. For buyers who prioritize a smaller, lower-maintenance outdoor space, it could be a good fit.

3. What should I know about the home’s age?
Built in 1923, this is an older home—ranking in the top 86% citywide for age. Older homes can offer solid construction and character details, but they often require updates to systems (electrical, plumbing, insulation) and ongoing upkeep. A thorough home inspection is recommended.

4. How does the living area compare to other homes?
At 1,568 sqft, the living area is about average for Niagara Street and above the citywide average of 1,342 sqft. It’s notably smaller than the neighbourhood average of 2,343 sqft. So you get a reasonably sized home for the city, but it’s more compact than many nearby properties.

5. Is this a good area for resale value?
The Wellington Crescent area is well-regarded in Winnipeg, with home values generally above citywide averages. Buying at a lower assessed value than the neighbourhood norm could offer some upside over time, especially if the property is improved. That said, the smaller lot and older age may limit appreciation compared to larger, newer homes nearby.