Property Summary: 313 Mcivor Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 313 Mcivor Avenue in River East presents a distinct profile defined by its above-average interior space on a generous lot, paired with an older build date. Its primary appeal lies in offering more room—both inside and out—than many comparable properties in Winnipeg, while carrying a municipal assessed value that is positioned around the local average.
The 1,608 sqft living area consistently ranks in the top 30% when compared to homes on its street, in the River East neighborhood, and across the city. This is complemented by a land area of 7,883 sqft, which is notably larger than both neighborhood and city averages, suggesting valuable outdoor space and potential. The assessed value of $403K is aligned with area norms, potentially offering good value for the square footage provided. A key consideration is the home’s age; built in 1943, it is significantly older than most homes in its immediate area, which typically date from the 1970s. This suggests a buyer should be prepared for the character and potential maintenance needs of an older home, balanced by the possibility of more established landscaping and mature trees.
This property would best suit a practical buyer who prioritizes interior and yard space over a newer build. It’s a match for someone comfortable with the realities of an older home, possibly looking for a project or valuing the charm and lot size that often come with pre-war construction. It represents a grounded choice in the market, offering tangible space at a value-oriented point.
Section 2: Frequently Asked Questions
1. How does the older construction year (1943) impact this property?
While the home offers more space than average, its 1943 build date means it is among the oldest on the block. Buyers should budget for potential updates to major systems like plumbing, electrical, or insulation, and consider a thorough inspection. This age can also contribute to character and often comes with a larger, more established lot.
2. Is the assessed value a reliable indicator of the likely selling price?
The $403K assessment is a municipal valuation for tax purposes and is around the average for the area. Market conditions, the home’s specific condition, and buyer demand ultimately determine the sale price. The last known sale was between $350K-$400K in April 2019.
3. The lot size is listed as "Above Average" for the city but "Around Average" for the street. Why?
The 7,883 sqft lot is larger than most in Winnipeg and River East. However, Mcivor Avenue itself seems to have even larger lots on average (10,904 sqft). This means your parcel is a strong size overall but may not be the largest on the street.
4. Where can I find verified, exact historical sale prices for this home?
The provided data notes that exact sold prices are not displayed due to industry rules. You can request the full transaction history and exact figures by emailing the site directly for a manual lookup.
5. What does the "Around Average" assessed value ranking mean in context?
Rankings in the 38th-43rd percentile citywide and neighborhood-wide indicate the home’s assessed value is typical, not an outlier. Given that its living space is above average, this could suggest the assessment reflects a balance with its older age, potentially presenting a value opportunity for the square footage offered.