Property Overview: 285 Montgomery Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,365 sqft home, built in 1951, presents a solid and above-average offering within its established Riverview neighborhood. Its primary appeal lies in its strong positional value. The assessed value of $467k ranks consistently above average for its street, neighborhood, and city-wide, suggesting a well-regarded property in a desirable location. The living space is practical and competitive, particularly on its own street where it ranks in the top quarter of comparable homes.
The lot size of 5,757 sqft is slightly below the street average, which may appeal to buyers seeking a manageable yard with less maintenance, without sacrificing the feel of a traditional property lot. A thoughtful perspective is that this home represents a "known quantity" – its value and size are validated by direct comparison to its immediate surroundings, offering a sense of security and established character that can be harder to gauge in newer subdivisions. It would suit buyers looking for a move-in ready home in a mature area, who prioritize location and stable value over a sprawling lot or a more recently built structure. It's a strong candidate for professionals, small families, or downsizers seeking a balanced home in a central Winnipeg community.
Frequently Asked Questions
1. How does this home's value compare to recent sales?
Public records indicate it sold between $450k-$500k in July 2022, a price that placed it in the top 14-23% for the area at that time. This aligns with its current above-average assessed value.
2. Is the lot size a disadvantage?
While smaller than the average lot on Montgomery Avenue, it is close to the Riverview neighborhood average and is a standard city lot. It offers lower maintenance while still providing private outdoor space.
3. What does the "Below Average" city-wide ranking for year built mean?
Built in 1951, it is older than the average Winnipeg home. However, it is actually newer than most homes in Riverview and on its own street, where it ranks above average. This indicates a well-established, mature neighborhood character.
4. How accurate is the sold price data?
The provided sold price is a range based on publicly available data. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, as MLS data is not displayed.
5. What are comparable homes like?
Nearby references on Montgomery and surrounding streets show similar vintage (1920s-1950s) with varied sizes and values. This home sits at the higher end of the assessed value spectrum for these comparisons, indicating a premium offering within its immediate peer group.