Property Overview: 320 Wavell Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,200 sqft home, built in 1953, presents a solid and balanced offering in the established Riverview neighborhood. Its primary appeal lies in its strong positional value within a desirable local context. While the home's size and assessed value ($423k) are generally average when viewed across the wider city, they stand out as above-average on its own street and within Riverview. This suggests you are acquiring a property that holds a competitive edge in its immediate micro-market. The lot size of nearly 6,000 sqft is a significant asset, ranking well above the street average and offering generous outdoor space for a mature neighborhood.
The home would suit practical buyers who value neighborhood character and lot size over sheer square footage. It's ideal for someone looking for a manageable footprint on a spacious lot, with the understanding that a home of this age may benefit from updates. A less obvious perspective is that this property represents a "safe harbor" within its block—its metrics consistently perform better than its direct neighbors, which can be a stabilizing factor for value. It appeals to the buyer who prioritizes a proven, stable location and has the vision to personalize the interior over time.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The home’s assessed value of $423k is ranked 20th out of 63 on Wavell Avenue, placing it in the top third. It sits above the street's average assessed value of approximately $405k, indicating it is viewed as a higher-value property on this specific block.
2. Is the lot size typical for the area?
The lot is larger than typical for the immediate area. At 5,998 sqft, it ranks 7th out of 63 lots on Wavell Avenue, meaning it is notably larger than most of its direct neighbors and above the street average of 5,912 sqft.
3. Why is there no sales history shown for this listing?
The platform does not source data from the MLS. Sold price history is compiled from other public records, and for this property, that specific data is not currently available in their system. You can request exact historical figures manually via email through the site.
4. What might the "year built" ranking indicate about the home?
Built in 1953, it is newer than most homes in Riverview (where the average is 1938) and on its street (average 1952). This above-average ranking suggests potentially fewer issues associated with very early construction methods and materials common in older homes, though a full inspection is always recommended.
5. Who are the most likely comparable nearby properties?
Based on similar assessed value and location, the most direct comparisons are likely other homes on Wavell Avenue, such as 307 Wavell and 323 Wavell, which have similar vintage and value but different living areas. This highlights the premium placed on this property's specific lot size and configuration.