Property Overview: 275 Mcivor Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1973-built home in River East presents a practical and affordable entry point into a well-established Winnipeg neighborhood. With 1,076 sqft of living space and a 5,913 sqft lot, its key characteristic is its relative modesty compared to its immediate surroundings. The data reveals a clear narrative: this property sits below the averages for both size and assessed value on its own street and within River East, but aligns more closely with city-wide benchmarks. This positions it as a value-conscious option.
Its primary appeal lies in this affordability within a desirable area. It suits first-time buyers seeking a manageable home without overextending financially, or investors looking for a rental property with solid fundamentals. A thoughtful perspective is that a smaller lot and home can mean lower maintenance costs and property taxes, offering a simpler, more efficient lifestyle. While it may not be the largest or newest on the block, it represents an opportunity to gain a foothold in a mature neighborhood where many other homes command higher values.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, it last sold between $300k-$350k in mid-2019. Its current assessed value of $349k is below the street and neighborhood averages, suggesting it may be priced accessibly relative to other homes in the area.
2. Is the living space smaller than typical?
Yes. At 1,076 sqft, the home is notably smaller than the average on Mcivor Avenue (~1,510 sqft) and in River East (~1,399 sqft). However, it is quite close to the Winnipeg city-wide average of 1,342 sqft.
3. What does the lot size mean for potential expansion or outdoor use?
The lot of 5,913 sqft is significantly smaller than the street average but is near the city-wide norm. It provides a decent outdoor space but may have limitations for large additions compared to neighboring properties.
4. How does the year built affect this home?
Built in 1973, it is of a similar vintage to many homes in the area. Buyers should budget for updates common to houses of this age, such as roofing, windows, or mechanical systems, while appreciating the established neighborhood character.
5. Where can I get verified sale price history?
The provided sold prices are from public records, not the MLS. For fully verified and exact transaction figures, you must request a manual lookup via email from the site, as industry rules prevent the display of MLS data here.