98 Niagara Street – Property Summary

Key Characteristics & Buyer Profile

This 1,892 sqft home built in 1927 offers a solid interior footprint—above average both on its street and citywide—but sits on a relatively compact 4,266 sqft lot. That land area is noticeably smaller than typical for the Wellington Crescent neighbourhood, where lots average nearly 9,500 sqft. The assessed value of $653,000 is high for the street and very strong citywide (top 5%), though it lands around the middle of the pack within the broader neighbourhood.

Where the appeal lies: The home gives you a larger-than-average living space without the oversized land commitment or maintenance that often comes with the neighbourhood's bigger properties. It's a way into a desirable area (Wellington Crescent) at a lower land cost. The 1927 build year means older character, likely with original detailing, but the home isn't unusually old for its street or area—most houses nearby were built in the early 1940s.

Who it suits: Buyers who value interior square footage and want to live in a well-regarded, established neighbourhood but don't need—or don't want to pay for—a large yard. It could work well for someone downsizing from a bigger lot but not ready for a condo, or for a family who wants more indoor room than typical for the street while staying within a tighter footprint. Not ideal for buyers seeking a big garden, a newer build, or a property that stands out on land size.

Five Possible FAQs

1. Why is the assessed value high citywide but only average in the neighbourhood?
The Wellington Crescent area includes many larger, older homes on generous lots, some with very high valuations. Relative to that local benchmark, $653,000 is mid-range. But compared to the city as a whole (where the average assessed value for comparable homes is $390,000), this property sits in the top 5%—it's a high-value home in a high-value pocket.

2. Does the smaller lot affect resale potential?
It could appeal to a specific buyer, but it's worth noting that most homes on Niagara Street have slightly more land (average 4,870 sqft). That said, smaller lots are common citywide, and many buyers actively prefer less yard maintenance. The trade-off is often a lower purchase price relative to neighbours with bigger lots.

3. How old is the house compared to others nearby?
The home was built in 1927, which is slightly older than the average on Niagara Street (1941) and in Wellington Crescent (1940). It's significantly older than the typical Winnipeg home (1966). That means it likely has older construction methods and materials, which can be a plus for character but may require more upkeep than a mid-century or newer property.

4. Is the living area measurement unusual for the street or city?
At 1,892 sqft, it's above the street average (1,491 sqft) and well above the citywide average (1,342 sqft). But it's smaller than the neighbourhood average of 2,343 sqft, since Wellington Crescent includes some larger, older homes. So you get more indoor space than most nearby streets offer, but without the massive square footage of the neighbourhood's biggest properties.

5. What's the trade-off between living area and land size here?
This property prioritises interior space over outdoor room. You get a home that's 27% larger than average on the street, but the lot is 12% smaller than the street average. Compared to the wider neighbourhood, the difference is starker: the lot is less than half the size of the typical Wellington Crescent property. If you value square footage indoors and are okay with a modest yard, this is a good match.