102 Riverton Avenue

Property Overview: 102 Riverton Avenue, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1912, presents a classic character home opportunity in the established Glenelm neighborhood. With 860 sqft of living space and a detached garage, its key characteristic is its modest, manageable scale on a smaller lot (2,499 sqft). The basement is noted as unrenovated.

The primary appeal lies in its position as an affordable entry point into a mature community. The home's assessed value is notably below averages for both the Glenelm area and the wider city, suggesting a lower property tax burden and potential for value growth through updates. It suits a specific type of buyer: first-time homeowners, downsizers, or hands-on investors who are comfortable with a home that may require modernization. Its smaller size and lot offer lower maintenance, while the unrenovated basement provides a blank canvas. A thoughtful perspective is that its below-average metrics for the area might represent one of the more accessible ways to secure a location in Glenelm, prioritizing community over square footage.

Section 2: Frequently Asked Questions

1. How does the home's size compare to others in the area?
At 860 sqft, the living area is below the Glenelm neighborhood average. This indicates a more compact, efficient layout, which can mean lower utility costs and less upkeep.

2. What does the assessed value tell me about this property?
The assessed value is significantly below both the local and city-wide averages. This typically correlates with lower annual property taxes, which is a key ongoing cost savings for the owner.

3. Is the smaller lot size a disadvantage?
While the lot is smaller than most on the street and in the area, it reduces exterior maintenance time and cost. It may also limit expansion possibilities but contributes to the home's overall affordability.

4. The basement is listed as "not renovated." What should I consider?
This means the basement space is likely in original or utilitarian condition. It presents both a potential project and an opportunity to customize the space to your needs, but any finishing should be budgeted for and will require proper permits and inspections for moisture control and insulation.

5. The home was last sold in 2016. What does the price history indicate?
The sold price range from 2016, when viewed against the current assessed value, provides a long-term benchmark for how the property's official valuation has changed. For the most accurate sale price, you can request the exact figure from the listing service.