Property Overview & Appeal
This two-storey home at 343 Riverton Avenue in Winnipeg's Chalmers neighbourhood presents a compelling opportunity centered on space and value. Its key characteristic is its generous 1,944 sqft of living area, which ranks in the top 3% of homes on its street and the top 1% within Chalmers, offering significantly more interior space than most comparable properties. The lot is also notably larger than average for the area at 4,406 sqft. Combined with a detached garage and a renovated basement, the property provides substantial functional space.
The appeal lies in this rare combination of above-average square footage on a sizable lot, all at a historically accessible price point. It suits practical buyers looking for room to grow, work, or simply spread out without the premium typically associated with such space in other city areas. A thoughtful perspective is that while the 1961 build date is not new, it is newer than many neighbouring homes, potentially suggesting fewer immediate concerns than with much older heritage properties. It’s a property for those who prioritize interior volume and land size over modern finishes or a central city-wide location.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in February 2017 for $29,900. Its current assessed value is $38,200, which is a notable increase and ranks in the top tier for the immediate area.
2. Is the living space efficiently configured?
At 1,944 sqft, the home has elite-level living area for the neighbourhood. Buyers should verify the layout to ensure the space meets their needs, as the overall footprint suggests potential for flexible room arrangements.
3. What is the context of the lot size?
The 4,406 sqft lot is in the top 13% on Riverton Avenue, offering more outdoor space than most direct neighbours. This is a key advantage for privacy, gardening, or future additions.
4. How does this property fit within the surrounding area?
The home is surrounded by a mix of older properties, some dating to the early 1900s. Its 1961 build date is actually above average for the street and neighbourhood, which may be a consideration for maintenance and updating timelines.
5. What are the key value metrics here?
The standout metrics are the elite rankings for living area and assessed value within the Chalmers neighbourhood. This indicates you are getting significantly more house, and a higher official valuation, relative to most homes in the immediate community.