Property Overview: 252 Riverton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1907, presents a classic opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in the generous proportions of both its living space and lot relative to the immediate area. With 1,426 sqft of living area, the home offers significantly more interior space than most comparable houses on its street and in the wider neighbourhood. The 3,779 sqft lot is also above average for Chalmers, providing ample outdoor space.
The home suits practical buyers looking for value and potential. It’s ideal for someone comfortable with a property that has an unfinished basement and no garage, seeing these not as drawbacks but as blank canvases for future improvement. The historically low assessed value points to an accessible entry point into the market. This property would resonate most with value-conscious purchasers, hands-on renovators who appreciate solid older home construction, and those prioritizing more interior and exterior space over modern finishes or a central city location. A thoughtful perspective is that while the home is older than most in the city, its age is typical for Riverton Avenue, meaning it fits the established character of the street, which can be a stabilizing factor.
Section 2: Frequently Asked Questions
1. What is the true condition of the property?
The listing notes the basement exists but is "not renovated." Prospective buyers should budget for a professional inspection to understand the full scope of the home's condition, including the basement, and any needed updates to the 119-year-old structure.
2. How does the sale price compare to the assessed value?
The home last sold in 2017 for $160,000, while its current assessed value is $18,100. It's crucial to understand that assessed value is for municipal tax purposes and is not a market valuation. The previous sale price is a more relevant benchmark, but current market conditions will determine today's value.
3. What are the implications of not having a garage?
The property has no garage. Buyers should consider the cost and feasibility of adding off-street parking or a storage shed, and factor in street parking availability, especially during Winnipeg winters.
4. How does the lot size benefit me?
At 3,779 sqft, the lot is larger than many in the neighbourhood. This offers valuable outdoor space for gardening, recreation, or future additions like a deck, garage, or expanded parking.
5. Is the living area efficiently laid out?
While the living area is generous for the area, the layout of a 1907 home may differ from modern open-concept designs. Viewing the property in person is essential to see if the room sizes and flow match your lifestyle needs.