Property Overview: 282 Ashland Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1940-built home in Riverview presents a solid, middle-of-the-road offering with specific standout features. Its 1,329 sqft living area and $389k assessed value are consistently "around average" when compared to the immediate street, the wider Riverview neighborhood, and the city of Winnipeg as a whole. This indicates a property that is very much in line with its market context, offering neither surprising premium nor concerning discount.
The primary appeal lies in its generous 6,397 sqft lot, which ranks "above average" for the Riverview area and citywide. This suggests valuable outdoor space and potential that exceeds many neighboring properties. The home suits practical buyers seeking a stable investment in an established neighborhood—those who value a larger yard over a larger house and appreciate a home that aligns with community norms in size and value. It’s a sensible choice for someone looking for a balanced entry into the market without extreme outliers, where the land itself may hold the greatest intrinsic value.
Frequently Asked Questions
1. Is this a good value compared to the neighborhood?
The data suggests it is a very typical value for Riverview. Its assessed value and living area are both near the neighborhood averages, indicating it is priced in line with the local market rather than being a standout bargain or overpriced.
2. How does the lot size compare to nearby homes?
The lot is a key advantage. At 6,397 sqft, it is larger than the Riverview neighborhood average of 5,583 sqft, offering more outdoor space than many comparable properties in the area.
3. What is the home’s condition likely to be, given its age?
Built in 1940, the home is older than the Winnipeg city average. While this is typical for the street and Riverview, it strongly suggests that a thorough inspection is essential to understand the state of major systems like plumbing, electrical, and the foundation.
4. Can I trust the sold price data shown?
The listed sold price range (CA$300k–350k) is from public records, not the MLS, and is presented as a range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. How does this home rank for investment or resale potential?
Its metrics suggest stability rather than high volatility. Its consistent "average" rankings in core categories imply it is unlikely to dramatically outperform or underperform the market, making it a more conservative choice. The larger lot could be a future differentiator for resale value.