Property Summary: 228 Mcivor Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 228 Mcivor Avenue in River East presents a solid, middle-of-the-road opportunity in the Winnipeg market. Built in 1979, it is slightly newer than many comparable homes in the immediate area. With 1,295 square feet of living space and an assessed value of $396,000, it consistently ranks as "around average" in size and value when compared to the neighborhood and city, suggesting it is priced in line with market norms without significant premium or discount.
The appeal here is one of practicality and stability. The lot size, at just over 6,000 square feet, is notably smaller than others on Mcivor Avenue but is still above the citywide average. This could mean less yard maintenance—a plus for some—but less private outdoor space than neighbors might enjoy. Its recent sale history (sold between $400k-$450k in 2021) indicates it has been a viable, turnover-ready property in a stable community.
This property would best suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner or a downsizer—who prioritizes a move-in-ready home in an established neighborhood over unique features or a sprawling lot. It’s for someone seeking a straightforward entry into the market without extreme outliers in cost, size, or condition, and who appreciates a home that aligns closely with area averages.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data suggests it is priced appropriately. Its assessed value ranks in the top 66% on Mcivor Avenue, but the average assessed value on the street is higher ($427k). This indicates you may be looking at a more moderately priced home on a street with some higher-value properties.
2. How does the lot size impact the property?
At 6,102 sq. ft., the lot is significantly smaller than the street average (~10,904 sq. ft.). This likely means a more compact yard. For some, this translates to less maintenance. For others, it may mean less privacy or room for expansions like a large deck or addition.
3. The home was built in 1979. What should I consider?
Being built in the late 1970s, major components like the roof, windows, furnace, and electrical system may be nearing or past their typical lifespans. A thorough inspection is crucial to understand if key updates have been made or if significant capital expenditures are on the horizon.
4. How reliable is the sold price data shown?
The sold price range ($400k-$450k in 2021) is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, as they do not have access to official MLS records.
5. Who are the most relevant comparable properties?
The most useful comparisons are likely the direct neighbors on Mcivor Avenue and the similar homes in River East listed (e.g., 220 Mcivor Ave, 158 Reiny Drive). These share the same neighborhood context, similar age, and living area, providing the clearest picture of local value.