Property Overview: 348 Clare Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow on a 5,998 sqft lot presents a practical opportunity in the established Riverview neighborhood. Built in 1951, it is notably newer than many homes on its street and in the wider area, which may suggest a more modern construction style or potentially fewer major age-related updates compared to its older neighbors. Its assessed value of $347k sits comfortably around the neighborhood and city averages, indicating a fair market positioning.
The primary appeal lies in its balance and context. While the living space is modest compared to immediate neighbors, the lot size is typical for the street, offering standard outdoor space. It suits first-time homebuyers or downsizers looking for an entry point into a mature neighborhood without a premium price tag. The data suggests a "middle-of-the-road" property—not the largest or most valuable on the block, but a solid, average offering that provides stability and a manageable scale. A thoughtful perspective is that its newer build year relative to the street could mean it has been subject to different building codes or materials, possibly affecting renovation possibilities or maintenance needs compared to the surrounding pre-1940s homes.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,040 sqft, the living area is below the average for both Clare Avenue and the Riverview neighborhood. This indicates a more compact home compared to many in the immediate area, which typically range closer to 1,300 sqft.
2. Is the assessed value in line with the market?
Yes. The $347k assessment is around the average for both the Riverview neighborhood and Winnipeg city-wide, though it is below the average for Clare Avenue itself. This suggests the property is valued consistently with the broader market.
3. When was it last sold and for how much?
Records show it sold between June 2020, with a public price range of $250k-$300k. For verified, exact historical sale figures, a manual lookup through the site is required.
4. What does the 1951 build year mean in this context?
Built in 1951, this home is significantly newer than most on its street (average year built: 1944) and in Riverview (average: 1938). This is a relative advantage, potentially implying different architectural or construction features than the many pre-war homes in the area.
5. Are there similar properties for comparison?
The listing provides nearby and similarly valued references. For example, 354 Montgomery Ave (built 1950, 1,286 sqft, $402k assessment) and 253 Clare Ave (built 1941, 800 sqft, $345k assessment) offer direct points of comparison for size, age, and value in the same neighborhood.