Property Overview: 393 Churchill Drive, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,684 sqft home, built in 1953, presents a compelling blend of established neighborhood character and above-average metrics. Its primary appeal lies in its clear positional strength within the desirable Riverview area. The assessed value of $680k is notably elite, ranking in the top 3% of the neighborhood and top 4% city-wide, signaling official recognition of the property's caliber and likely contributing to higher property taxes. The lot size of 7,684 sqft is a standout feature, placing in the top 4% for Riverview, offering generous outdoor space that is increasingly rare. While the living area is comfortably above local and city averages, the home’s value is driven more by its prestigious assessment and land parcel than by sheer size.
This property would suit buyers who prioritize a premium location within a mature neighborhood and value the potential of a large lot for privacy, gardening, or expansion. It appeals to those who understand that a higher assessed value reflects municipal confidence in the property but also carries ongoing tax implications. It is less suited for those seeking a new-build home or the lowest possible tax burden.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring areas?
The $680k assessment is in the elite tier for both Riverview and Winnipeg. This suggests the municipal assessor has determined the property's value—based on factors like location, lot size, improvements, and market conditions—significantly exceeds area averages, which can be a marker of a premium address.
2. How does the large lot size compare to nearby properties?
At 7,684 sqft, the lot is substantially larger than the Riverview neighborhood average (~5,583 sqft). On Churchill Drive itself, it is close to the street average, meaning this generous lot size is a characteristic of the immediate streetscape.
3. What might the previous sale price indicate?
Records show a sale between $400k-$450k in early 2018. The jump to the current $680k assessment highlights a significant increase in value over approximately six years, reflecting strong market appreciation and possibly upgrades to the property.
4. Are there any considerations regarding the home's age?
Built in 1953, the home is newer than the average Riverview house but typical for its street. Buyers should factor in the potential for age-related maintenance or updates, balanced against the character and build quality of a mid-century home.
5. How can I verify the exact historical sale prices?
The provided sold price is an estimate from public data. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, as MLS records are not displayed due to industry regulations.