Property Overview: 396 Woodward Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 736 sqft bungalow, built in 1958, presents a practical entry point into Winnipeg's established Riverview neighborhood. Its primary appeal lies in its balance and position. With an assessed value of $339k, it sits comfortably around the average for its street, area, and the wider city, suggesting a fair and stable valuation without a premium for size or luxury. The home itself is compact, notably smaller than most in Riverview and Winnipeg overall, which points to a lower-maintenance lifestyle and potentially lower utility costs.
Its standout characteristic is its age relative to the neighborhood: built in 1958, it is newer than 95% of homes in Riverview, likely meaning fewer concerns about antiquated systems common in much older homes. The lot size, while below area averages, is typical for the street. This property would suit first-time buyers, downsizers, or pragmatic investors seeking an affordable, low-maintenance footprint in a central, mature neighborhood without the surprises often found in century-old homes. It’s a home for those who value location and simplicity over square footage.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data suggests it is competitively priced. Its assessed value ranks 10th out of 25 on Woodward Avenue, placing it solidly in the middle of the pack, while its living area is also around the street average.
2. How does the size of this home compare to the neighborhood?
It is notably more compact. At 736 sqft, its living area is below the Riverview average (1,306 sqft), ranking it in the top 5% for being smaller. This indicates a cozy, efficient layout rather than a spacious family home.
3. What is a key less obvious advantage of this property?
Its year of construction (1958) is a relative advantage. It ranks in the top 5% for being newer in Riverview, where the average home was built in 1938. This could imply more modern wiring, plumbing, or insulation compared to many neighboring properties.
4. What was the recent sale history?
Records indicate it sold between $300k-$350k in November 2021. For precise, verified sale figures, you can request a manual lookup via email from the site.
5. Who might this property not suit?
It may not suit buyers looking for ample indoor space, a large yard, or a home with the classic character of an older Riverview residence. The lot and living space are functionally sized but not expansive.