Property Overview
99 Riverton Avenue is a compact, one-storey home in Winnipeg's Glenelm neighbourhood. Built in 1986, it is a notably newer construction for the area. The home features 890 sqft of living space and a renovated basement, sitting on a modest 2,502 sqft lot. It has no garage or pool. Its assessed value is $22,400, and it last sold in September 2021 for an estimated $24,500–$27,500.
Key Characteristics & Appeal
This home’s primary appeal lies in its modern age relative to its surroundings and its efficient, low-maintenance footprint. In a neighbourhood and city dominated by older homes, its 1986 build date is a significant advantage, potentially meaning fewer concerns with outdated systems. The renovated basement adds functional living space. While the living area and lot size are below city averages, they are more aligned with the scale of Riverton Avenue and Glenelm, offering a manageable property without excessive upkeep. The low assessed value and recent sale price point to an accessible entry point into the market.
It would best suit first-time buyers, downsizers, or investors seeking a straightforward, newer-built home in an established neighbourhood without the larger lot and maintenance that often comes with it. Its value is in practicality and modern convenience over grandeur or outdoor space.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent, as it could range from basic drywall and flooring to a fully developed living area or suite.
2. How does the 1986 build date affect insurance or utilities?
A newer build like this can be favourable for home insurance, as it may have modern wiring, plumbing, and roofing. It might also be more energy-efficient than many of its century-old neighbours, potentially leading to lower heating costs.
3. Is street parking a major concern on Riverton Avenue?
With no garage and a small lot, parking will likely be on-street. It’s advisable to visit at different times to gauge typical parking availability, especially in a neighbourhood of smaller lots.
4. The assessed value seems low. What does this mean for property taxes?
A lower assessed value generally translates to lower municipal property taxes, which is a positive for ongoing affordability. The assessment is close to the street and neighbourhood averages, indicating it is typical for the area.
5. Why is the lot size so much smaller than the area average?
This is a key feature of this property. The lot is significantly smaller than most in Glenelm and city-wide. This means minimal yard maintenance but also very limited private outdoor space. Buyers should consider if a small patio or deck would suffice for their needs.