Property Overview: 43 Summerview Lane, Rivergrove, Winnipeg
Key Characteristics & Appeal
This 2,280 sqft home, built in 1987 on a 7,867 sqft lot, presents a compelling blend of established community living and above-average space. Its primary appeal lies in its generous proportions relative to the broader market. While it sits around the average mark for its own street in terms of size and value, it stands out significantly at the city level, ranking in the top 5% for living area and top 16% for assessed value. This suggests you get more interior space here than in most Winnipeg homes, but within a neighborhood where that scale is more common.
The property suits buyers looking for a well-sized family home in a mature area without paying a premium for a newer build. It’s ideal for those who value space over a brand-new foundation and appreciate a home that has held its value well, as evidenced by its steady appreciation from sales in 2016 and 2022. The lot size, while smaller than others on Summerview Lane, is still larger than most in Rivergrove and across Winnipeg, offering good outdoor potential. This is a home for pragmatic buyers who understand that "above average" in the city context can sometimes mean "typical" on a specific street, offering a comfortable fit in a settled community.
Frequently Asked Questions
1. How does this home’s value compare to its immediate neighbors?
The home’s assessed value of $526k is around the average for Summerview Lane, ranking 40th out of 63 comparable homes on the street. This indicates it is priced consistently within its direct peer group, neither an outlier nor a standout bargain on the street itself.
2. Is the living space considered large?
Yes, particularly when viewed beyond the immediate street. Its 2,280 sqft of living area places it in the elite top 5% of homes city-wide and the top 13% within the Rivergrove neighborhood, making it a notably spacious property for Winnipeg.
3. What does the lot size mean for potential expansion or landscaping?
At 7,867 sqft, the lot is above average for both the neighborhood and the city. However, it is below the average for Summerview Lane specifically. This means there is ample space for gardens, play areas, or a deck, but any future expansion like an addition would need to be considered in the context of slightly smaller lot dimensions than some direct neighbors.
4. How reliable are the provided sold price histories?
The sold price ranges (e.g., CA$500k–550k in 2022) are based on publicly available internet data, not the MLS. The site states the figures are reasonably reliable but not guaranteed. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. The home was built in 1987. What should I consider?
Built in 1987, the home is older than the average house in Rivergrove but newer than the average for Winnipeg overall. Prospective buyers should budget for updates consistent with a home of this age, such as roofing, windows, or major mechanical systems, while also appreciating the established character and mature landscaping that comes with it.