Property Overview: 353 Maplewood Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, land, and location. Its primary appeal lies in its generous proportions. With 2,253 sqft of living area, it ranks in the top 9% on its street and top 4% in the desirable Riverview neighborhood, offering significantly more interior space than area averages. This is paired with an expansive 6,397 sqft lot, which is in the top 5% on Maplewood Avenue, providing ample outdoor potential.
Built in 1916, the property is a classic, character-rich home. While its age is above average for the area, this often translates to architectural details and solid construction that newer builds may lack. The assessed value of $375k is consistently around the average benchmark for the street, neighborhood, and city, suggesting a stable, fair market positioning without the premium often attached to fully modernized homes.
This property would best suit a buyer who values space—both inside and out—over a turn-key modern renovation. It’s ideal for someone with a vision for updates, who can appreciate the value in a larger, older home on a prime lot in a well-regarded neighborhood. It offers a tangible opportunity to add value through thoughtful improvements.
Frequently Asked Questions
1. How does the home’s age impact its value and condition?
Built in 1916, the home is older than most in Riverview. This typically means potential for classic charm and sturdy construction, but buyers should budget for updates to major systems like plumbing, electrical, or insulation, and anticipate maintenance consistent with a century-old property.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $375k is a municipal tax valuation. It serves as a useful benchmark, showing the home is priced within the mainstream of the local market. However, the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand for its unique combination of large lot and living space.
3. What does the large lot size mean for me?
At over 6,300 sqft, the lot is a standout feature. It offers significant potential for gardening, outdoor living, expansion (subject to zoning), or simply more privacy and space than is typical in the area. This is a long-term asset that adds to the property’s versatility.
4. The home sold in 2017 for between $350k-$400k. What does that history tell us?
This past sale provides context, showing the property’s value trajectory. The current assessed value suggests a stable market position since that time. For exact historical sold prices, a manual lookup via the site’s email request is needed due to data display rules.
5. How does this home compare to others on the street?
It offers more living space and a larger lot than the average home on Maplewood Avenue, while its assessed value is very close to the street average. This indicates you are primarily paying for and gaining square footage—both indoors and outdoors—compared to neighboring properties.