Property Overview: 405 Woodward Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 720 sqft bungalow, built in 1958 on a 3,642 sqft lot, presents a straightforward opportunity in Winnipeg's Riverview neighborhood. Its primary appeal lies in its relative affordability and position within a well-established area. With an assessed value of $323k, it sits below the neighborhood average, offering a more accessible entry point into Riverview.
The home suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with renovation potential. A thoughtful perspective is that, while the living space is compact compared to area averages, the lot size is fairly typical for its immediate street. This suggests the property's value is more tied to its location and land than its current interior footprint. Notably, the 1958 build date is actually newer than most homes in Riverview, ranking in the top 5% for the neighborhood. This could imply newer underlying systems (like plumbing or electrical) compared to many neighboring century-old homes, a less obvious but practical advantage.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 720 sqft, the living area is below the average for both the Riverview neighborhood (1,306 sqft) and the city overall. However, on its own street, it's closer to the local average of 917 sqft.
2. Is the assessed value in line with the area?
The $323,000 assessment is around the citywide average but below the Riverview neighborhood average of approximately $389k. This indicates a potentially more affordable price point within this desirable area.
3. When was it last sold and for how much?
Public records indicate a sale between October 2017, with a sold price in the range of CA$250,000–$300,000. Exact historical figures require a manual lookup.
4. What is the lot size, and is it typical?
The lot is 3,642 sqft. It's near the average for Woodward Avenue but below the larger average lot size for the wider Riverview area.
5. How does the age of the home compare?
Built in 1958, it is newer than over 95% of comparable homes in Riverview, where the average year built is 1938. This is a standout characteristic for the neighborhood.