Property Overview: 695 Fisher Street, Riverview, Winnipeg
Key Characteristics & Buyer Profile
This home presents a compelling mix of space, value, and established character in Winnipeg's Riverview neighborhood. Its primary appeal lies in its generous proportions: at 2,338 sqft, the living area is notably larger than most homes on its street, in Riverview (top 3%), and across Winnipeg (top 4%). It sits on a 7,042 sqft lot, which is also above average for the area and city, offering ample outdoor space. Built in 1910, it is one of the older homes in its immediate vicinity, suggesting classic architectural details and mature landscaping.
The assessed value of $355k is below the street average and aligns closely with city and neighborhood averages. This creates an interesting value proposition where you acquire significantly more house and land for a price in line with smaller, more standard properties. It would suit a buyer looking for spaciousness and lot size who appreciates the character of an older home and is prepared for the maintenance that may entail. It’s a practical choice for those who prioritize interior and exterior space over a modern build date, offering room to grow or customize at a competitive entry point for its category.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the home's size?
The assessment considers multiple factors, including the home's age (1910), which can influence perceived market value and modernization costs. A larger, older home may have a similar assessed value to a smaller, newer one due to these balancing factors.
2. How does the older build year (1910) affect this property?
It typically indicates solid construction and character but may come with older mechanical systems (like plumbing or electrical), windows, or insulation. Prospective buyers should budget for potential updates and prioritize a thorough inspection to understand the home's condition.
3. The lot size is above average for the area, but below average for the street. What does this mean?
While the lot is larger than most in Riverview, Fisher Street itself consists of particularly large lots. You're still getting a sizable yard compared to the broader neighborhood, but direct neighbors might have slightly more land.
4. Is recent sale price history available for this home?
The public data presented does not show a detailed transaction history. For verified, exact sale figures and a complete history, you must request a manual lookup via email from the source.
5. How does this home compare to nearby properties in value?
The assessed value is lower than several nearby reference properties of similar or smaller size. This could represent a value opportunity, but it's essential to compare condition, updates, and specific features to understand the full context.