Property Overview: 491 Riverton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 491 Riverton Avenue presents a distinct profile within Winnipeg’s Chalmers neighborhood. Its key characteristic is its modern age, built in 2014, making it a notably newer construction compared to most homes on its street and in the wider area. The home features a renovated basement and a detached garage on a modest, manageable lot. With 960 sqft of living space, it offers compact and efficient living.
The appeal lies in this modern foundation within an established community. Buyers gain a contemporary structure—likely with newer mechanical systems and building standards—without the premium of a brand-new subdivision. The renovated basement adds functional space. This property would particularly suit first-time homebuyers or downsizers seeking a low-maintenance, modern home in a mature neighborhood. It also represents a practical investment opportunity, as its assessed value ranks highly within Chalmers, suggesting strong value retention for the area.
A less obvious perspective is the lot size. While the land area is below the city average, it offers a balance—enough outdoor space for gardening or relaxation without demanding extensive upkeep. For the right buyer, this is a feature, not a drawback.
Section 2: Frequently Asked Questions
1. Is this a recently flipped or renovated property?
The data shows the home was built in 2014, so it is inherently modern. The listing specifically notes the basement has been renovated, but the main structure is only 12 years old, suggesting major systems are relatively new and not part of a wholesale rehab project.
2. How does the assessed value compare to recent sale prices?
The current assessed value is $34,700. The home last sold in December 2019 for $33,500, indicating assessed value is closely aligned with that recent transaction. A prior sale in 2016 was for $320,000, providing a longer-term price history.
3. What does the "Elite" ranking for Year Built mean?
This statistical ranking indicates the home's 2014 build date is newer than approximately 96% of comparable properties in the Chalmers neighborhood and on Riverton Avenue. It is a standout feature in an area with many older homes.
4. Is the living space too small?
At 960 sqft, the living area is slightly below the average for the immediate street but is actually very close to the average for the Chalmers neighborhood (953 sqft). It represents a efficient, compact layout suitable for individuals, couples, or small families.
5. What is the context for the detached garage and lot size?
The home includes a detached garage, a valuable asset in Winnipeg. The lot, at 2,749 sqft, is smaller than the city average but is a typical size for the local area. This can mean lower maintenance and landscaping costs while still providing private outdoor space.