Property Overview & Key Characteristics
This 1954-built, one-storey home at 349 Riverton Avenue in Winnipeg's Chalmers neighbourhood presents a specific and compelling value proposition. Its primary appeal lies in the combination of a very generous, above-average lot (over 5,500 sq ft) with a modestly sized, renovated living space (912 sq ft). This creates a low-maintenance home footprint on a property with significant outdoor potential. The detached garage adds practical utility. The home’s assessed value is notably above average for its immediate area, suggesting recent improvements or solid condition relative to nearby properties.
It would suit a first-time buyer or downsizer seeking a manageable interior without sacrificing yard space for gardens, pets, or future projects. It's also a pragmatic choice for an investor or buyer focused on land value in a well-established neighbourhood, where the property's footprint offers more flexibility than the home itself. A less obvious angle is its appeal to those wary of constant upkeep; the smaller living area means lower utility costs and less interior maintenance, allowing owners to invest time and resources into the land if they choose.
Frequently Asked Questions
1. Is the home recently updated?
The listing confirms a renovated basement, which is a significant functional upgrade. The overall assessed value being above average for the street and neighbourhood also suggests the property is in good relative condition.
2. How does the lot size compare to others?
The 5,506 sq ft lot is a key feature. It places in the top 4% for size on Riverton Avenue and the top 7% within the Chalmers neighbourhood, meaning it's substantially larger than most comparable local properties.
3. What is the neighbourhood like?
Chalmers is an established, mature neighbourhood. The mix of older homes (like this 1954 build) and some newer construction (see reference property built in 2012) indicates an area with a varied streetscape and potential for gradual renewal.
4. Why is the sale price so different from the assessed value?
The listed sale price of $25.5k is dramatically lower than the $270k assessed value. This typically indicates the sale was for land value only, likely after the existing structure was removed or is slated for removal. This property listing appears to be presenting historical data for reference.
5. Are properties on this street in high demand?
The data shows that for key metrics like land area and assessed value, this address ranks well above the street and neighbourhood averages. This suggests Riverton Avenue is a street where properties, particularly those with larger lots, hold competitive value within the local market.