Property Overview & Appeal
This 1952 one-storey home on Churchill Drive sits on a large, 8,357 sqft lot in Winnipeg's Riverview neighbourhood. Its key appeal lies in a combination of space, location, and established value. The home itself features a renovated basement and a detached garage, offering practical living space and storage. The property's standout characteristic is its land size, which ranks in the top 3% for the neighbourhood, presenting a rare opportunity for expansion, gardening, or outdoor living in a central area.
The home would suit a buyer looking for a solid, established property with significant lot value. It's ideal for someone who prioritizes outdoor space over a large interior footprint or for a buyer planning a future renovation or addition, given the generous lot dimensions. The strong assessed value ranking suggests a well-regarded property within its market, appealing to those seeking a stable investment in a mature community. A thoughtful perspective is that while the living area is modest, the exceptional lot size offers a canvas for personalization that newer infill properties often can't match.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is exceptionally large, ranking in the top 10% city-wide. At over 8,300 sqft, it provides significantly more outdoor space than the average Winnipeg property.
2. The house was built in 1952. What should I consider?
While the basement has been renovated, the core structure is 74 years old. Prospective buyers should prioritize a thorough inspection of foundational elements, roofing, and major mechanical systems to understand any upcoming maintenance or updates required.
3. What does the assessed value ranking tell me?
The assessment ranks in the top 10% for the neighbourhood and top 15% city-wide. This generally indicates the municipal assessor views the property as having above-average market value for its area, which can be a marker of stability but is not a direct guarantee of sale price.
4. Is the neighbourhood considered established or changing?
Riverview is a long-established, mature neighbourhood. The listing shows nearby properties with a wide range of build years, from 1910 to 2019, indicating an area with a mix of original homes and newer infill developments.
5. How does the living space compare to the nearby similar-value properties listed?
At 1,366 sqft, the living area is notably larger than several of the compared properties with similar assessed values, which range from 998 to 1,364 sqft. This suggests you may be getting more enclosed living space for the value, in addition to the large lot.