Property Overview: 271 Balfour Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,625 sqft home on Balfour Avenue presents a compelling blend of space, location, and value within Winnipeg's Riverview neighborhood. Built in 1912, it is notably older than most area homes, which may appeal to buyers charmed by character and potential heritage features, while understanding the importance of a thorough inspection for a property of this age.
Its primary appeal lies in its generous proportions relative to the local market. The living area is consistently above average for the street, neighborhood, and city, offering more interior space than many comparable homes. This is complemented by a lot size of nearly 6,400 sqft, which is significantly larger than the Riverview average, providing ample outdoor space for gardens, play, or expansion.
With an assessed value of $379k, the property sits around the average mark for its immediate area but can be seen as a value proposition given its larger-than-average footprint. It last sold for an estimated $400k-$450k in mid-2022. This profile suits practical buyers seeking a well-sized family home in an established neighborhood without a premium price tag. It’s ideal for those who prioritize interior and yard space over a modern build date and are prepared for the stewardship that comes with an older, character home.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($379k) is a municipal figure for tax purposes and is a useful benchmark. However, the last known sale price (2022) was in the $400k-$450k range. Market conditions, the home’s condition, and recent upgrades will ultimately determine the current market value.
2. How does the older construction year (1912) impact the property?
While it adds character, it necessitates a focused inspection. Key systems like wiring, plumbing, and the foundation should be carefully evaluated. The home’s age is below the local average, so it may have unique architectural details but also potentially higher maintenance considerations.
3. The lot size is large for Riverview. What are the implications?
The lot is over 14% larger than the neighborhood average. This is a significant asset, offering more privacy, landscaping potential, and future flexibility (like adding a garage or deck) compared to tighter lots nearby. It’s a standout feature that adds long-term value.
4. How does the living space compare to nearby homes?
Very favorably. The home ranks in the top 25% on its street and top 20% in Riverview for living area. You are getting more interior square footage than most homes in the immediate vicinity, which is a key advantage for daily living and resale.
5. Where can I get verified, exact historical sale prices?
The site provides estimated price bands publicly. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system. The service is free and they state they will not use your contact information for marketing.