76 Niagara Street, Winnipeg

Property Overview

This 2,100-square-foot home sits on a 4,248-square-foot lot and was built in 1919. Its assessed value is $606,000.

Key Characteristics & Appeal: The property stands out most for its size. With 2,100 square feet of living area, it ranks in the top 9% citywide and top 9% on its own street, where the average home is nearly 600 square feet smaller. The assessed value follows a similar pattern—above average both locally and citywide—yet remains modest compared to the broader Wellington Crescent neighbourhood, where the average assessment is over $800,000. That gap is worth noting: you get a spacious home in an established area without paying the full premium commanded by the neighbourhood’s larger properties.

The trade-off comes in land and age. The lot is small by street and neighbourhood standards (bottom 2% on Niagara Street, bottom 9% in Wellington Crescent), and the house was built in 1919, making it older than most comparable homes citywide (average being 1966). For buyers who prioritize interior square footage over yard space, or who appreciate pre-war character and are comfortable with the maintenance that comes with an older home, this property offers a strong value proposition.

Suitable Buyers: This home would appeal most to buyers who want generous indoor living space in a well-regarded central Winnipeg neighbourhood, but who are willing to accept a smaller lot and an older structure in exchange. It may be less ideal for families wanting a large private yard, or for those seeking a move-in-ready modern build. The combination of high living-area ranking and below-neighbourhood-average assessment suggests potential value for someone who sees the house’s bones as the asset, not the land underneath.

Frequently Asked Questions

1. How does the living area compare to other homes in Wellington Crescent?
While the house itself is spacious (2,100 sqft), it’s actually below the neighbourhood average of 2,343 sqft, ranking in the 47th percentile. The real strength is citywide and on its own street, where it ranks in the top 9% and top 9%, respectively.

2. Is the assessed value of $606,000 a good deal for this area?
It depends on what you’re comparing. On Niagara Street, where the average assessment is $476,800, this home is above average (top 10%). But in the broader Wellington Crescent area, the average is $805,600—so this property sits well below that. Citywide, it’s in the top 8% of assessed values. The assessment reflects a home that’s valuable relative to the city but reasonably priced within its immediate neighbourhood.

3. Why is the land area ranked so low despite the house being large?
The lot is 4,248 sqft, which is small for the street (average 4,870 sqft) and very small for the Wellington Crescent neighbourhood (average 9,488 sqft). This often happens in older, denser parts of the city where houses were built close together. The interior was made larger, but the land underneath wasn’t. Buyers should be clear on whether they value indoor square footage or outdoor space more.

4. What should I know about a home built in 1919?
This home is older than 94% of properties on its street and 87% in the neighbourhood. Citywide, the average year built is 1966, so this predates most by nearly five decades. Older homes often have solid construction and period details, but typically require updates to electrical, plumbing, insulation, and foundations. A thorough home inspection is especially important here. The ranking data doesn’t indicate renovation history, so you’ll want to verify what’s original and what’s been updated.

5. How does this property compare to others in the “neighbourhood analysis” tool you mention?
The neighbourhood analysis page lets you view this home on a map alongside nearby properties, comparing year built, living area, assessed value, and lot size directly. That’s useful for seeing whether the rankings here reflect the immediate block or the broader area. For example, you might find a cluster of similarly sized homes nearby that don’t appear in the street-level average. Access that page for a more granular view than these summary rankings provide.