254 Riverton Avenue

Property Overview

This one-and-three-quarter storey home on Riverton Avenue is a classic Winnipeg character home built in 1912. Its primary appeal lies in offering above-average interior space on a decent-sized lot for the area, presenting a solid value proposition. With 1,440 sqft of living area, the home ranks in the top 10% on its street and top 5% in the Chalmers neighbourhood for size, offering more room than many comparable properties. The 3,779 sqft lot is slightly above average for the immediate area. The home has an unrenovated basement and no garage. It last sold in 2017.

This property would suit a buyer looking for a character home with good bones and generous room proportions, who is prepared for the maintenance or potential updates that come with a century-old house. It’s a practical choice for those seeking space and location in Chalmers at a value price point, likely appealing to first-time homeowners, investors, or downsizers comfortable with a project. A thoughtful perspective is that while the assessed value is modest, the above-average living space for the area could mean a lower cost per square foot, offering efficient use of a renovation budget.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style where the second floor has slightly sloped ceilings because the roof line begins partway into the upper level, often creating cozy bedrooms with character.

2. The assessed value seems very low compared to the last sale price. Why?
Municipal assessed value for tax purposes is often significantly lower than market value and is not a direct indicator of a home's selling price. The sale price reflects what a buyer was willing to pay in the open market.

3. How does the lot size compare practically?
At 3,779 sqft, the lot is larger than the Chalmers neighbourhood average, offering more outdoor space than many nearby homes, but is smaller than the typical city-wide lot. This suggests a good balance of yard space without excessive maintenance.

4. What are the implications of the "unrenovated basement"?
This typically means the basement is in its original or functional state, likely with concrete floors and exposed utilities. It offers potential for future finishing but requires a thorough inspection for moisture issues common in older homes.

5. The home is older than average for the city. What should I consider?
A 1912 home will have character but requires diligent inspection for foundational integrity, updated wiring and plumbing, roof condition, and energy efficiency. Its above-average living area for the neighbourhood, however, suggests a well-built, spacious home for its era.