Property Summary: 582 Mcnaughton Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1945-built home in Riverview presents a practical opportunity. At 915 sqft, its living space is notably more compact than most comparable homes on its street and in Winnipeg overall. However, its assessed value of $395k aligns very closely with the averages for Mcnaughton Avenue, Riverview, and the wider city, suggesting the property is priced in line with market norms for the area.
The appeal here is one of efficiency and location over sheer size. The lot is generous for the neighborhood, offering outdoor potential. This home would suit first-time buyers or downsizers seeking an entry point into a stable, established community without a premium price tag. It’s a straightforward property for those comfortable with a smaller footprint who value a fair market price and a larger-than-average yard for the immediate area. The data indicates you’re paying primarily for the land and location, not for extensive finished living space.
Section 2: Frequently Asked Questions
1. Is this home significantly smaller than its neighbors?
Yes. The living area ranks in the bottom 15% on its own street and is about 300 sqft smaller than the local average, making it a more compact option.
2. Does the assessed value seem fair for the size?
The data suggests it is fair in context. While the home is smaller, its assessed value is almost identical to the street, neighborhood, and city averages. This indicates the valuation accounts for the smaller size, likely offset by the lot and location.
3. What might the larger lot mean for a buyer?
The 5,838 sqft lot is above the Riverview average. This offers valuable outdoor space for gardening, recreation, or future expansion, which is a notable asset in an older neighborhood.
4. How does the 2016 sale price relate to today’s value?
The home sold for between $300k-$350k in 2016. The current assessed value of $395k reflects market appreciation over eight years, with the increase appearing consistent with broader trends.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service via email to provide verified transaction history and exact figures upon request.