Property Overview: 351 Montgomery Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1950-built home in Riverview presents a compelling mix of established neighborhood character and above-average valuation. With 1,184 sqft of living space, the house itself is typical for the area, but its true standout feature is the assessed value of $511k, which places it in the top 12% of both its street and neighborhood. This suggests the property holds intrinsic value that exceeds its square footage, possibly due to factors like lot desirability, updates, or its specific location.
The appeal lies in its position as a premium property within a well-established context. The lot size of nearly 6,000 sqft is generous for the street and neighborhood, offering good outdoor space. Its value ranking indicates a home that has likely been maintained or situated in a way that outpaces direct comparables. It would suit a buyer looking for a home in a mature neighborhood like Riverview, who values a property with a strong assessed value foundation and a larger lot over a brand-new or maximized interior floor plan. It’s a solid choice for someone prioritizing long-term value and neighborhood stability over sheer size.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than the neighborhood average?
The assessed value of $511k is significantly above the Riverview average (~$389k). This typically reflects the city’s assessment of the property’s market value based on its specific attributes, condition, and lot. It suggests this particular home is considered a higher-tier property within the area.
2. How does the sold price from 2021 relate to today’s value?
The home sold for between $550k-$600k in September 2021. This historical price provides a benchmark, but current market conditions, interest rates, and any changes made to the property since then will determine its present market value.
3. Is the living area smaller than average?
At 1,184 sqft, the living area is slightly below the averages for the street (1,270 sqft) and city (1,342 sqft), but is around the middle of the pack for Riverview. The home offers a comfortable size typical for its era and location.
4. What does the "Top X%" ranking mean for the year built?
The year built (1950) ranks in the top 61% on its street, meaning it's newer than many neighbors. In the broader city context, it ranks in the top 72%, indicating it's an older home compared to the Winnipeg average. This highlights Riverview's character as an established neighborhood with mostly mid-century homes.
5. Where can I find verified, exact sold price data for this home?
The site notes that due to industry rules, exact MLS sold records are not displayed publicly. To obtain the full, verified transaction history and exact sold figures, you must request them directly via email from the site provider, who will manually look them up and send them to you.