Property Overview: 669 Darling Street, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,156 sqft bungalow, built in 1953, presents a compelling mix of value and potential. Its primary appeal lies in its generous 7,172 sqft lot, which is significantly larger than most in the Riverview neighborhood and across Winnipeg, offering ample outdoor space or future expansion possibilities. While the home's living area is modest compared to others on its street, its assessed value of $466k is notably above averages for both Riverview and the city, suggesting the lot size and location are key value drivers.
The property suits practical buyers who prioritize land over a large existing footprint. It's ideal for those looking to enter a desirable neighborhood like Riverview, potentially at a lower price point than a fully renovated or larger home on the same street, with a vision to renovate or extend over time. The data indicates a solid, well-located asset: it's newer than most homes in the area and sits on a premium lot, but it requires a buyer who sees value in the land and is comfortable with a home that may need updates.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighborhood average?
The assessed value reflects the property's substantial lot size, which is in the top 6% for Riverview. In established neighborhoods, land value often constitutes a major portion of the total assessment, especially for properties with redevelopment or expansion potential.
2. How does the sold price from 2021 relate to today's value?
The previous sale in the $450k-$500k range places it well above typical sales for the area at that time. This historical price, combined with the current above-average assessment, indicates the property has consistently been valued for its lot and location. Current market conditions would determine its present value.
3. The living space seems smaller than others on the street. Is this a concern?
It is a more compact home compared to immediate neighbors. This typically translates to a lower price per square foot for the structure itself, making it a different type of opportunity—one where you're investing more in the land within a sought-after location.
4. What does the "Above Average" year built ranking mean for me?
Built in 1953, this home is newer than most in Riverview. This can suggest updated foundational materials or building techniques compared to much older homes, potentially meaning fewer issues common with pre-war construction, though a full inspection is always necessary.
5. Where can I get verified sale history and exact figures?
Due to industry regulations, exact MLS sold prices are not published on this site. You can request a manual lookup for the complete transaction history and precise figures by emailing the site directly, as noted in the property details.