Property Overview: 579 Montague Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This Riverview home stands out for its generous scale and premium positioning within a well-established neighborhood. Its primary appeal lies in offering above-average space on an exceptionally large lot. At over 1,500 square feet of living area, the home is larger than most comparable properties on its street, in Riverview, and across Winnipeg. The most distinctive feature is the 8,408 square foot lot, which ranks in the top 3% of the neighborhood and is the largest among 54 homes on Montague Avenue. This presents a rare opportunity for privacy, gardening, expansion, or outdoor living in a mature area.
Built in 1949, the home is typical for its street but is newer than many in the wider Riverview area. Its assessed value of $605,000 is notably higher than local and city averages, placing it in the elite tier for the neighborhood (top 5%). This indicates it is viewed as a premium property, likely due to its combination of size, lot, and location. Recent sale data suggests it transacted in the $600k-$650k range, aligning with this premium assessment.
This property would best suit buyers looking for a established-character home who prioritize outdoor space over a newer build. It’s ideal for someone seeking a long-term family home with room to grow, or for a buyer who values the potential that a large, mature lot in a central neighborhood provides. The numbers suggest it’s for those comfortable investing at the higher end of the market for Riverview, likely trading modern updates for space and land.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighborhood average?
The assessed value reflects the property’s standout features, particularly its very large lot size and above-average living area. It is considered a premium property within Riverview, ranking in the top 5% for value in the area.
2. How does the lot size compare to a standard city lot?
The lot is significantly larger. At 8,408 sqft, it is nearly 40% larger than the average lot on Montague Avenue and over 50% larger than the Riverview neighborhood average. This is a key driver of the property’s value and appeal.
3. Is the home older or newer than others nearby?
Built in 1949, it is precisely the average year for homes on Montague Avenue. It is newer than the overall Riverview average (1938) but older than the average Winnipeg home (1966).
4. Where can I find the exact sold price?
The provided data shows a sold price range. Due to industry rules, exact sold prices are not published automatically on this site. You can request the exact figure via email using the link provided on the property page for a manual lookup.
5. The home sold recently. What do the rankings for the sold price indicate?
The sold price range placed this home in the top 7% of sales on its street, top 3% in Riverview, and top 6% city-wide for comparable properties. This confirms its transaction aligned with its high assessed value and premium market position.