Property Summary: 486 Riverton Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a 4,003 sqft lot in Chalmers presents a practical and straightforward opportunity. Its key characteristic is balance: at 830 sqft, the living space is very typical for the immediate area and neighbourhood, offering a manageable layout. The home’s assessed value is also aligned with local norms, suggesting it fits comfortably within the market context of Riverton Avenue and Chalmers. A notable feature is the renovated basement, adding functional space. The detached garage and a lot size that is above average for Chalmers provide valuable outdoor and storage utility not always found in similar homes.
The appeal lies in its position as a stable, no-surprises property within its community. It’s a home that doesn’t stand out for extreme size or modern age, but rather for being squarely in the middle of its local peer group. This can be attractive for buyers seeking predictability and a sense of proportion in their investment. It would suit first-time buyers or practical downsizers looking for an affordable entry into a neighbourhood without the premium price of a larger or fully modernized home. A thoughtful perspective is that its "average" metrics within the area could mean less volatility and more predictable long-term value, appealing to the cautious investor or homeowner.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 830 sqft, the living area is very close to the average for both Riverton Avenue (1,035 sqft avg.) and the broader Chalmers neighbourhood (953 sqft avg.). It is a comfortably standard size for the area.
2. Is the assessed value typical for this property?
Yes. The assessed value of $22,900 is around the average for comparable homes on its street and in the Chalmers area, indicating it is priced consistently with its local market.
3. What is the significance of the lot size?
The 4,003 sqft lot is a positive feature, ranking above average within the Chalmers neighbourhood. This means you likely get more outdoor space than many nearby properties.
4. The home was built in 1922. Should I be concerned?
The year built (1922) is typical for the street and area, where homes of this era are common. While this suggests potential for older-home maintenance, it also means local trades are very familiar with houses of this style and age.
5. How does it compare to the wider Winnipeg market?
City-wide, this home is below average in size, lot size, and assessed value, which is expected for a mature neighbourhood. This highlights its position as an affordable, community-focused option rather than a large, suburban-style property.