Property Overview: 415 Brandon Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 415 Brandon Avenue is a classic Riverview character property, built in 1912. With 1,084 sqft of living space, it sits on a modest 2,746 sqft lot. Its assessed value of $270k positions it as a notably affordable entry point into the Riverview neighborhood, where average values are significantly higher.
The primary appeal lies in its value proposition and location. It offers the charm and established community of a sought-after central neighborhood at a price point well below the area average. This creates an opportunity for buyers who prioritize location over size or a turn-key condition. The home’s living area is typical for the street, suggesting a comfortable, manageable scale.
This property would suit a first-time buyer or an investor looking for a character home in a prime location without the premium price tag. It’s a practical choice for someone willing to potentially take on updates over time to build equity. A less obvious perspective is that its smaller lot and below-average assessment for the area could mean lower property taxes relative to neighbors, an ongoing financial benefit. Its consistent sales history also suggests it’s a stable, in-demand asset on a street of similar homes.
Section 2: Frequently Asked Questions
1. How does the value compare to the neighborhood?
The home’s assessed value of $270k is below the Riverview neighborhood average of approximately $389k, indicating a more affordable entry point into the area.
2. Is the house smaller than others nearby?
The living area is average for Brandon Avenue itself but smaller than the broader Riverview and Winnipeg averages. The lot size is also smaller than most in the neighborhood, which is typical for this specific street.
3. What is the home’s sales history?
It sold in March 2023 for an estimated $250k-$300k, and previously in March 2016 for an estimated $200k-$250k. Exact sale prices can be requested from the site.
4. Is a 1912 home a concern?
The year built is typical for the street. Buyers should budget for a thorough inspection to understand the condition of major systems (roof, plumbing, electrical) common to homes of this era.
5. What are comparable homes on the street like?
Nearby homes on Brandon Avenue are very similar in age, size, and value. For example, 389 Brandon Avenue (built 1912, 1,120 sqft) has an assessed value of $235k, confirming this property’s characteristics and valuation are in line with its immediate surroundings.