Property Overview & Appeal
This two-storey home at 323 Riverton Avenue in Winnipeg's Chalmers neighbourhood presents a compelling mix of space, value, and established character. Its key appeal lies in its generous proportions, featuring a living area of over 2,000 sqft—a size that ranks in the top 3% for its street and top 1% within the broader neighbourhood. This makes it a notably spacious offering for the area. The property sits on a larger-than-average lot for Chalmers and benefits from a detached garage and a renovated basement, adding functional living and storage space. Built in 1961, it is a newer construction compared to many homes on the street.
The home is ideally suited for buyers seeking substantial interior space without a premium city-wide price tag, as its assessed value is more aligned with the local area. It would appeal to growing families needing room, or value-conscious purchasers looking for a property with above-average metrics for its immediate community. A thoughtful perspective is that this home offers the feel of a "large lot, large house" property within a neighbourhood of generally more modest homes, providing a sense of rarity and space without being in a high-cost district.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
The living area is exceptionally large for the Chalmers neighbourhood, ranking in the top 1%. It is more than double the average living area of comparable homes in the area.
2. Is the lot size typical for the area?
The land area of 4,405 sqft is above average for both Riverton Avenue and the Chalmers neighbourhood, placing it in the top 14% and 19% respectively for those groups.
3. What is the significance of the 2017 sale price?
The property sold for $32,600 in April 2017. This historical data is provided for context, but the current assessed value is listed at $39,600, which is used for taxation purposes and indicates its relative standing.
4. Who might this property not suit?
Buyers seeking a brand-new build or a home in a uniformly upscale district may find the mixed-era streetscape of Riverton Avenue less appealing. The value is in the space and land relative to the local market, not in high-end finishes or a prestige postal code.
5. How does its age affect its value?
Built in 1961, it is newer than most homes on its street and in Chalmers, which generally boosts its ranking locally. This suggests potentially fewer immediate concerns with very old infrastructure compared to neighbouring century-old homes.