Property Overview: 335 Balfour Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1913-built home in Riverview offers a compelling blend of space, lot size, and value. Its primary appeal lies in its generous 1,696 sqft living area, which ranks above average for its street, neighborhood, and the city overall. The 6,398 sqft lot is notably larger than most in Riverview, providing ample outdoor space in a mature area. With an assessed value of $326k, it presents a more accessible price point compared to many neighboring homes, suggesting potential value for the square footage and land offered.
The property suits buyers looking for a character home with room to grow or customize, who prioritize interior and yard space over a modern build date. It’s a practical choice for those comfortable with the maintenance considerations of an older home (built 21 years before the street average) in exchange for a established, spacious setting. A thoughtful perspective is that its below-average assessed value for the immediate area could indicate an opportunity, but also warrants closer inspection into condition and updates.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not necessarily. The assessed value of $326k is for municipal tax purposes. Market conditions, property condition, and recent upgrades heavily influence the final sale price. The home last sold between $300k-$350k in early 2016.
2. How does the age of the home (1913) factor in?
This is one of the older homes on the street and in Riverview. It typically means classic character and solid construction, but also requires a proactive approach to maintenance, potential updates to systems like wiring or plumbing, and likely higher energy costs compared to newer builds.
3. The lot size is highlighted as above average for the neighborhood. What does that mean practically?
With a 6,398 sqft lot ranking in the top 14% for Riverview, you have more private outdoor space than most local properties. This is ideal for gardening, recreation, adding a deck or patio, or future expansions, subject to zoning.
4. Why is the assessed value below the street and neighborhood averages?
Several factors can cause this, including the older build year, a floor plan that may be less modern, the specific condition of the home, or fewer recent renovations compared to higher-assessed neighbors. It’s a key point to investigate during a viewing.
5. Where can I find verified, exact historical sold prices for this home?
The site provides sold price ranges for context. Due to industry rules, exact MLS sold records are not displayed publicly here. You can request the full transaction history and exact figures via email through the provided form for a manual lookup.