Property Overview: 276 Wavell Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1952-built home in Riverview presents a practical opportunity centered on its location and lot. At 936 sqft, the living space is notably compact, ranking below average for the street, neighborhood, and city. This positions the property as a more manageable, lower-maintenance footprint. Its assessed value of $371,000 is very close to the neighborhood and city averages, suggesting a fairly priced entry point into the area.
The primary appeal lies in its balanced lot size (just under 6,000 sqft), which is typical for the street and offers standard outdoor space, and its solid position within a mature, established community. A thoughtful perspective is that while the house itself is smaller, you are purchasing a share of a desirable neighborhood at a price that reflects the home's scale, not an inflated premium for the address. This property would suit first-time buyers, downsizers, or investors looking for a straightforward, lower-square-footage home in a stable area without the upkeep of a larger property. It’s a value-conscious choice for those who prioritize location over size.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes, compared to most homes in Winnipeg, Riverview, and even on Wavell Avenue itself, the living area is below average. This is a defining characteristic of this property.
2. Is it priced fairly for its size?
The assessed value aligns closely with the neighborhood and city averages for all homes, which include larger properties. This suggests the price likely accounts for the smaller square footage, making its cost per square foot a key point for discussion.
3. How does the lot size compare?
The lot is a standard, average size for Riverview and the street. It provides typical yard space but is not exceptionally large or small.
4. What is the historical sales context?
Records indicate it last sold between 2016-2017 for an estimated $250,000-$300,000. Exact figures require a manual lookup from the provider.
5. How does it compare to immediate neighbors?
Nearby homes on Wavell Avenue, many of similar vintage, are typically larger in living area and have slightly higher assessed values, confirming this property’s position as a more compact option on the block.