Property Overview: 426 Brandon Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,120 sqft home, built in 1912, presents a distinct value proposition in the Riverview neighborhood. Its key appeal lies in its positioning relative to the local market. While the living space is above average for Brandon Avenue itself, the home's assessed value is notably below averages for the street, neighborhood, and city. This creates a potential opportunity for buyers seeking entry into a mature area at a lower tax-assessment base than most surrounding properties.
The lot, at 2,800 sqft, is also above average for the immediate street but smaller than typical lots in wider Riverview and Winnipeg. This suggests a more manageable outdoor space. The home last sold in August 2021 within the $200k-$250k range, a price point that ranked highly (top 72-90%) against comparable sales at the time.
This property would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who is comfortable with a century-old home and sees potential in its below-average assessment. It’s a pragmatic choice for those prioritizing location and footprint over modern size or finishes, with the understanding that updates may be part of the ownership journey.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
While the exact reasons aren't specified, a significantly lower assessment can sometimes relate to the home's condition, specific features, or the timing of its last evaluation relative to renovations in the area. It's a key point for further investigation.
2. What does the lot size mean for me in practical terms?
At 2,800 sqft, the lot is generous for the street but smaller than many in the city. This typically means lower maintenance than a large lot, but also less private outdoor space and potential for expansion compared to properties on deeper lots.
3. The home is older than most in Winnipeg. What should I consider?
Built in 1912, the home will likely have character but may also have older building systems (like plumbing, electrical, or insulation). A thorough inspection is essential to understand the condition and any needed updates or repairs.
4. How reliable is the sold price data shown?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. The living area is above average for the street but average for the city. What's the takeaway?
This indicates the home offers a comfortable amount of space within its immediate context on Brandon Avenue. Buyers should consider if the layout and room sizes meet their needs, as the overall square footage is broadly typical for Winnipeg.