Property Overview: 567 Montague Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 990 sqft bungalow, built in 1951, presents a classic Riverview opportunity centered on its generous 6,011 sqft lot—one of the largest on Montague Avenue. While the living space is notably compact compared to area averages, the property’s assessed value aligns closely with neighborhood and city benchmarks, suggesting the value proposition lies more in the land and location than in the size of the home.
Its primary appeal is for the value-conscious buyer or renovator who sees potential beyond square footage. The lot offers ample outdoor space and future expansion possibilities, rare for the street. The home suits a first-time buyer comfortable with a cozy footprint, an investor looking for a stable property in an established neighborhood, or a downsizer seeking a manageable home with a sizable yard. A thoughtful perspective is that this property represents a "blank canvas" in a mature area; its below-average living area is offset by an above-average lot size for the street, making it a strategic entry point into the neighborhood for those willing to invest in updates or an addition over time.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area of 990 sqft is smaller than most comparable homes on Montague Avenue, in the Riverview neighborhood, and across Winnipeg. It ranks in the top 93% for size on its street, meaning 93% of nearby homes are larger.
2. Is the asking price in line with its assessed value?
The home’s assessed value is approximately $412,000, which is very close to the average for both the Riverview area and the city overall. A recent sale in early 2023 fell within the $400,000–$450,000 range.
3. What is the significance of the large lot size?
The lot of 6,011 sqft is significantly larger than the Riverview neighborhood average and ranks 4th largest out of 54 homes on Montague Avenue. This is a key feature, offering more outdoor space and potential for landscaping, gardening, or future expansion than is typical.
4. How old is this home compared to others in the area?
Built in 1951, it is newer than most homes on its street and in the Riverview neighborhood, where many homes date to the 1930s and 1940s. This could imply relatively newer core systems or a different architectural style.
5. Where can I find verified, exact historical sale prices?
The provided sale price data is based on public records, not the MLS. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as industry rules prevent the direct display of MLS sold records here.