397 Riverton Avenue

Property Overview: 397 Riverton Avenue

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2014, stands out in its Chalmers neighbourhood for its modern age. Its key appeal lies in being a relatively new construction on a mature street, offering a move-in-ready structure without the immediate concerns of an older home. With 1,060 sqft of living space, it provides comfortable room for a small family, couple, or first-time buyer.

The property’s strengths are contextual. While its lot size is modest for the city overall, it is quite typical for Riverton Avenue and offers a manageable yard. Its assessed value and last sale price are notably above average for the immediate area, reflecting its newer condition and desirability within the neighbourhood. This home suits buyers looking for a modern build in an established community, who prioritize a newer roof, windows, and mechanical systems over a large lot. It’s a practical choice for those wanting to avoid the renovation projects common with century-old homes nearby, though the basement remains unfinished, offering potential for future customization.

Section 2: Frequently Asked Questions

1. Is the property tax bill likely to be high?
While the assessed value is above average for the street and neighbourhood, it is below the Winnipeg city-wide average. Property taxes should be relatively moderate, especially when compared to newer subdivisions or more central districts.

2. How does the lot size impact future plans?
The 2,752 sqft lot is smaller than the city average but standard for the area. It’s sufficient for a deck, garden, or play area, but may limit additions like a large garage or extensive landscaping. It offers lower maintenance, which can be a benefit.

3. What does the "above average" sale price for the street indicate?
It primarily reflects the home’s newer construction. On a street with many homes built over a century ago, a 2014 build commands a premium for its modern infrastructure and reduced immediate repair needs.

4. Are there any obvious drawbacks from the data?
The home has no garage, which is common for the area but a consideration for vehicle storage. The basement is noted as "not renovated," meaning it is unfinished and would require investment to become livable space.

5. How does this home compare to others in Chalmers?
It ranks in the top 5% for year built in Chalmers, making it one of the newest homes available. It offers more modern living in a neighbourhood filled with character homes, representing a different, low-maintenance lifestyle within the same community.