Property Overview: 275 Montgomery Avenue, Riverview, Winnipeg
Key Characteristics & Buyer Appeal
This 1,060 sqft bungalow, built in 1950 on a 5,863 sqft lot, presents a solid, middle-of-the-road opportunity in the established Riverview neighborhood. Its assessed value of $408k is very close to city and area averages, suggesting a fair market positioning without premium pricing. The home’s living space is modest, ranking below the street average but aligning more closely with neighborhood and city norms.
The primary appeal lies in its balance and location. It offers a typically sized Riverview lot in a quiet setting, with a value that hasn’t outpaced the broader market. A thoughtful perspective is that while the house itself isn’t large, its lot size is above the neighborhood average, offering valuable outdoor space or future potential relative to many nearby properties. The data also indicates the home is newer than most in Riverview, which may suggest fewer issues associated with very old infrastructure.
This property would suit pragmatic first-time buyers or downsizers seeking an entry into a stable neighborhood without overpaying for square footage. It’s for those who value a balanced investment, a decent-sized yard, and a home that represents the character and averages of its community rather than standing out as a premium or fixer-upper extreme.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($408k) is very close to both the neighborhood and city averages for comparable homes, making it a strong benchmark. Market conditions, property condition, and recent upgrades will determine the final sale price, but this assessment suggests it's priced within the expected range.
2. How does the size of this home compare to others nearby?
At 1,060 sqft, the living area is slightly below the average for Montgomery Avenue but is around the average for the wider Riverview neighborhood. You’re getting a typically sized home for the area.
3. The lot is noted as "below average" for the street. Is that a concern?
While the lot is smaller than the specific street average, it’s actually larger than the average lot for the entire Riverview neighborhood. This means you likely still have a good-sized yard compared to many homes in the community, just not the largest on the block.
4. What can the 2016 sale price tell me?
The previous sale in the $250k-$300k range nearly a decade ago shows significant equity growth for the past owner. For a current buyer, it primarily confirms the property has a long history in the neighborhood and is not a recent flip.
5. Where can I get verified sale price data for this home?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service where you can request the full transaction history via email, which they will provide without using your email for marketing.