Property Overview: 484 Montague Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1946 home in Riverview presents a practical opportunity. At 1,025 sqft, its living space is notably more compact than most homes on its street and in Winnipeg overall, suggesting a efficient, manageable layout. Its assessed value of $409k is firmly in the middle range for the area, indicating it is priced in line with the market rather than being a premium or discount offering. The lot size of 6,000 sqft is a standard city lot for the neighborhood.
The appeal here is one of balance and potential. It suits a first-time homebuyer, downsizer, or investor looking for an entry into a stable neighborhood without a premium price tag for extra square footage. The value proposition lies in the lot size and location, not in a large or modernized house. A thoughtful perspective is that while the home itself is below average in size, its assessed value holds average, which could point to the underlying value of the land or the desirability of the specific block. It’s a property where future value may be driven more by location and land potential than by its current structure.
Section 2: Frequently Asked Questions
1. Is this house smaller than others nearby?
Yes. The living area is smaller than approximately 87% of comparable homes on Montague Avenue and about 70-73% of those in the wider Riverview area and city. This is its most distinct characteristic.
2. How does its value compare to the neighborhood?
Its $409k assessment is very typical. It ranks close to the middle of the pack on its street and is around the average value for both Riverview and Winnipeg as a whole.
3. What is the recent sales history?
Records indicate it sold between $350,000 and $400,000 in September 2020. To obtain the exact sale price and a verified transaction history, you must request a manual lookup from the site via email, as they do not publish MLS data.
4. What are similar nearby properties like?
Nearby homes on Montague and surrounding streets, built in the same mid-century period, vary in size and value. Examples range from a 836 sqft home assessed at $353k to a 1,396 sqft home assessed at $444k, showing the variety of options in this price band.
5. Is the lot size a positive feature?
The 6,000 sqft lot is standard for the street and slightly above the Riverview neighborhood average. It is not exceptionally large, but it provides a typical urban yard space and is consistent with the area.