187 Cheriton Avenue

Property Overview: 187 Cheriton Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Cheriton Avenue in the Kildonan Drive area presents a solid, grounded opportunity. Built in 1967, it features 1,148 sqft of living space, a renovated basement, an attached garage, and sits on a notably generous 6,820 sqft lot—larger than most in the immediate area.

The primary appeal lies in its established neighbourhood setting and its strong positional value within its local market. The data indicates that while the living space is average for the street, the property's assessed value ranks in the top 8% on Cheriton Avenue, suggesting it is viewed as a premium offering on the block. This could be due to the renovated basement, the sizable lot, or a combination of desirable updates. The lot size itself is a significant asset, offering ample outdoor space and potential that is increasingly rare.

This home would suit practical buyers looking for a move-in-ready, single-level layout in a mature neighbourhood. It's ideal for first-time homeowners seeking a stable investment, downsizers wanting manageable space without sacrificing yard size, or investors attracted by a property that outperforms its immediate peers in assessed value. A thoughtful perspective is that this property represents the "best house on a good block" scenario locally, offering a sense of relative value and stability rather than a dramatic fixer-upper or a luxury purchase.

Section 2: Frequently Asked Questions (FAQs)

1. How does the assessed value compare to the last sale price?
The home sold in November 2020 for between $395,000 and $425,000. Its current assessed value is $436,000, which is above that sale price and ranks well above the average for the street, indicating official valuation has increased.

2. Is the lot size a significant advantage?
Yes. At 6,820 sqft, the lot is larger than approximately 85% of properties on Cheriton Avenue and above the city-wide average. This provides more private outdoor space and future potential than is typical for the street.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, layout, and whether it includes a separate entrance or legal suite potential.

4. How does this home rank for its age in the area?
Built in 1967, it is newer than most homes on its street and in the broader Kildonan Drive area, ranking in the top 15% locally. This can suggest updated core systems (like plumbing or electrical) compared to older neighbouring homes.

5. Where can I find the exact historical sale price?
The exact sale price is not publicly displayed. The listing service offers to provide it manually via email upon request, with a commitment not to use the contact information for unsolicited marketing.