Property Overview: 347 Churchill Drive, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,326 sqft bungalow, built in 1953, presents a compelling opportunity in the Riverview neighborhood. Its primary appeal lies in a rare and substantial 10,879 sqft lot, which ranks in the top 1% of the neighborhood and top 5% city-wide. This offers exceptional outdoor space for gardens, recreation, or future expansion that is uncommon for the area. While the home's living area is average for its street and the city, its assessed value of $508k is notably above the neighborhood and city averages, signaling a premium position likely tied to its elite lot size and desirable location.
The property suits buyers who prioritize land over a large existing footprint. It's ideal for those seeking a generous yard in a mature, established community, or for visionaries who see potential in the lot itself—whether for extensive landscaping, adding to the home, or long-term value. It may also appeal to downsizers from larger properties who still want significant outdoor privacy without the maintenance of an even larger home.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The lot is exceptionally large. At nearly 11,000 sqft, it is significantly bigger than the Riverview neighborhood average of about 5,583 sqft and the average on Churchill Drive itself (approx. 7,990 sqft).
2. Why is the assessed value higher than the neighborhood average?
The assessed value of $508k is well above the Riverview average (~$389k), reflecting the premium value placed on its very large lot and its alignment with higher-value homes on its specific street, where the average assessment is similar.
3. What was the previous sale price?
Records indicate a sale between $450,000 and $500,000 in October 2019. For verified, exact historical sale figures, a manual lookup can be requested through the site.
4. Is the living space smaller than other homes on the street?
The living area is slightly below the street average (1,426 sqft) but is close to the citywide average. It represents a comfortable size, with the property's standout feature being the land, not the square footage of the home.
5. What is the home's condition and update history?
The provided data does not include details on interior condition, renovations, or systems. This would require a professional inspection and review of additional listing materials or a viewing to assess.