Property Summary: 122 Riverton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Glenelm presents a distinct profile. Its primary appeal lies in being a modern, low-maintenance property within an established neighborhood. Built in 2006, it is a notably newer construction compared to most homes on its street and in the area, which largely date back to the early 20th century. This translates to likely fewer immediate major repairs and modern building standards.
The 1,208 sqft living area is spacious for the immediate area, ranking in the top 20% on Riverton Avenue. It features a renovated basement and a detached garage. The home’s standout characteristic is its high assessed value relative to its neighbors, placing it in the elite top 3-5% for its street and neighborhood. This suggests significant improvements, premium finishes, or a valuation that reflects its modern build in a historic area.
However, the lot size is compact at 2,497 sqft, ranking in the bottom tier for the area. This means minimal yard upkeep but limited private outdoor space.
This property would ideally suit buyers seeking a turn-key, modern home in a mature neighborhood without the typical upkeep of a century-old house. It appeals to those who prioritize interior space and contemporary amenities over a large yard. It may also attract investors or buyers looking for a property with a strong assessed value footprint in a transitioning area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value is likely high due to the home's modern construction (2006) and renovated condition compared to the much older housing stock that dominates the area's average. Significant improvements and quality finishes are also key factors.
2. What are the implications of the smaller lot size?
The compact lot means lower maintenance for landscaping and snow clearing, but it offers limited space for additions, large gardens, or extensive outdoor recreation. Privacy from neighbors may also be reduced.
3. How does the recent sale history inform the current value?
The home sold in 2021 and 2019 at prices consistent with its top-tier assessed value for the neighborhood. This history indicates a stable, premium market position for this specific property, though broader market conditions should always be considered.
4. Is this a good option for someone wanting a "character" home?
Not typically. While located in an established area, this is a modern two-storey. Buyers specifically seeking original hardwood, architectural details, or the charm of a pre-war home would find this property quite different in character.
5. What is the neighborhood (Glenelm) like?
Glenelm is an established, quiet neighborhood with mostly older homes. This property offers a unique blend of new construction within that classic setting, potentially offering the best of both worlds: neighborhood maturity with modern home conveniences.