Property Overview
This 2019-built bi-level home at 320 Riverton Avenue offers a modern living space in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its combination of new construction, a generous lot size, and a recently renovated basement. The home sits on a 4,029 sqft lot, which is notably larger than most in the immediate area and neighbourhood, providing valuable outdoor space. With 1,237 sqft of living area, the interior space is comfortably above average for Chalmers. The modern build date (2019) means major systems like roofing, plumbing, and electrical are relatively new, offering significant peace of mind and potential savings on near-term repairs. The renovated basement adds functional living space. This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without a premium suburban price tag, as well as practical buyers who value a larger-than-average urban lot for gardening, pets, or future expansion over having an attached garage.
Frequently Asked Questions
1. What are the property taxes?
While the listing provides an assessed value of $37.70k, property taxes are calculated by applying the City's annual mill rate to this assessment. You should contact the City of Winnipeg or your real estate agent for an exact annual tax figure.
2. Is there parking?
The listing specifies there is no garage. Buyers should investigate on-street parking regulations on Riverton Avenue or the possibility of adding a driveway or parking pad to the sizable lot, subject to local bylaws.
3. How does the 2019 build date compare to the neighbourhood?
This is a key feature. Built in 2019, the home is among the newest in Chalmers (top 1% for the neighbourhood). This is a stark contrast to the area's average home built in the 1930s, suggesting more modern construction standards and materials.
4. The assessed value seems low. What does this mean?
The assessed value is for municipal tax purposes and is not a market price. Its "Elite" ranking for the neighbourhood indicates it is assessed higher than 98% of nearby homes, reflecting its newer construction and renovations. The final sale price is determined by the current market.
5. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the finishes or if it includes a legal secondary suite, additional bedrooms, or a separate entrance. This is a crucial detail to clarify with the selling agent to understand the home's full layout and potential.