Property Overview: 331 Riverton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1961, stands out for its generous proportions on a well-sized lot. Its primary appeal lies in its significant living space of 1,920 sq ft, which ranks in the top 4% of homes on its street and the top 2% within the Chalmers neighbourhood, offering far more room than typical area homes. The property features a renovated basement and a detached garage. Its assessed value is notably higher than most immediate peers, suggesting a perception of above-average worth for the location.
The home would suit buyers looking for a spacious interior in a mature neighbourhood without the maintenance of a century-old property. It’s a practical choice for those who need ample room and value functional updates, like the finished basement. A less obvious perspective is that while the home is newer than many on the street, its 1960s vintage may appeal to those seeking a balance between classic construction and more modern layouts. The data indicates it’s a larger, more valuable property in its immediate context, which could appeal to buyers looking for a standout home in the area rather than a typical starter property.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
The land area of 4,405 sq ft is above average for both Riverton Avenue and the Chalmers neighbourhood, offering more outdoor space than most nearby properties.
2. Is the home older or newer than others in the area?
Built in 1961, it is newer than the average home on Riverton Avenue and in Chalmers, where many homes date to the 1930s or earlier.
3. What does the "Elite" ranking for Living Area mean?
It means this home’s interior square footage is among the very largest (top 2-4%) when compared specifically to other homes on its street and in its neighbourhood, indicating exceptional space for the location.
4. How recent was the sale, and at what price?
The home sold in June 2019 for $31,900. Its current assessed value is $37,900.
5. Are there comparable homes nearby?
The listing suggests viewing neighbouring properties on Riverton Avenue, which are typically older (early 1900s) and have smaller living areas, highlighting how this property differs from its closest neighbours.