Property Overview: 245 Mcivor Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,064 sqft bungalow, built in 1960, presents a specific value proposition in Winnipeg's River East neighborhood. Its primary appeal lies in its generous 7,121 sqft lot, which is above average for both the neighborhood and the city, offering significant outdoor space and potential. The home itself is more modest in scale, with a living area below the averages for its immediate street and area, but aligning closer to the citywide norm. Similarly, its assessed value of $338k is below the street and area averages, yet sits around the middle range for Winnipeg overall.
This property would suit a pragmatic buyer looking for land size over interior square footage. It’s a candidate for those comfortable with a home that may require updates (given its age relative to neighbors) but who value a larger, private yard. It could appeal to first-time buyers seeking an entry point into a stable neighborhood, or to long-term planners who see the underlying land as the key asset, with the existing house serving as a foundation for future expansion or renovation.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is priced below the typical home on Mcivor Avenue and in River East, primarily due to its smaller living area and older construction date. The value is anchored in its larger-than-average lot size.
2. What does the sold price history indicate?
It last sold between $350k-$400k in mid-2021. This past sale price appears consistent with its current assessed value and its positioning below area averages.
3. How does the lot size compare to nearby properties?
The lot is a standout feature. It ranks in the top 30% within River East and the top 16% citywide, meaning you are getting more land than most comparable properties in Winnipeg.
4. The home is older than most on the street. What should I consider?
Built in 1960, it is notably older than the typical 1976-built home on this street. Buyers should budget for potential updates to major systems (like roofing, plumbing, or electrical) that may be due over time, but also may find well-established landscaping and mature trees.
5. Where can I get verified sale price data for this home?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the site provider, who will manually look up the data.