Property Overview: 270 Oakwood Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1930-built home in Riverview presents a practical opportunity centered on its land. At just over 1,050 square feet, the living space is modest and below the average for its own street, but it sits on a lot that is larger than most in the neighborhood. This creates a clear value proposition: you are investing more in the property's outdoor potential and location than in its current interior footprint. The assessed value is positioned below area averages, suggesting a relatively accessible entry point into the Riverview neighborhood.
The appeal lies in this balance. It suits a buyer who values a larger yard in an established community and sees the home itself as a solid foundation. This could be a first-time buyer comfortable with a cozier layout, a downsizer seeking manageable indoor space with room for gardening, or an investor/renovator who views the lot size as the primary asset with the option to expand or update the structure over time. It’s a property for those who prioritize land and location, with the understanding that the home may require updates or simply offers a more compact living experience.
Frequently Asked Questions
1. Is the sold price provided accurate?
The displayed sold price range is based on publicly available data, not the MLS. For fully verified, exact sale figures, you must request a manual lookup via email from the site.
2. How does the home's size compare to others?
At 1,052 sq ft, the living area is smaller than many homes on Oakwood Avenue but is around the average for the wider Riverview neighborhood and Winnipeg overall.
3. What is the most standout feature of this property?
The lot size of 6,397 sq ft is notably above average for the Riverview area, offering more outdoor space than approximately 80% of comparable neighborhood properties.
4. Would this be considered a renovation project?
Given its 1930 construction and below-average assessed value for the street, some updates are likely. However, its citywide assessed value is around average, indicating it is not fundamentally undervalued as a "fixer-upper" compared to the broader market.
5. How does it compare to the house right next door?
The directly neighboring property at 290 Oakwood Avenue, built the same year, has a larger living area (1,460 sq ft) and a higher assessed value ($420k), highlighting the size and value differentials even on the same block.