612 Rivergrove Drive

Property Summary: 612 Rivergrove Drive, Winnipeg

Key Characteristics & Buyer Appeal

This 1,570 sqft bungalow, built in 1987, presents a compelling mix of value and potential. Its primary appeal lies in its generous 7,181 sqft lot, which is larger than most on the street and across Winnipeg, offering excellent outdoor space or future expansion possibilities. While the home's living area and assessed value are below the averages for its immediate street and established Rivergrove neighborhood, this positioning creates a value-entry point into a desirable area. Citywide, however, the property sits above average in size, value, and lot size, indicating a solid foundation in the broader market.

The home would suit practical buyers looking for a established neighborhood with room to grow. It's a match for those who prioritize land size over a recently built or maximized interior footprint, and who see the below-neighborhood-average assessment as a chance to add value through updates. It’s a grounded choice for a long-term holder, not a buyer seeking a turn-key or top-of-market property on the street.

Frequently Asked Questions

1. Is this a good value for the neighborhood?
The data suggests it is a relative value. Its assessed value is the lowest on its street and well below the neighborhood average, meaning you may get more land for your dollar here compared to nearby homes, though the house itself is more modest.

2. How does the lot size compare?
The lot is a standout feature. It ranks 4th largest out of 22 on Rivergrove Drive and is above the citywide average, offering more private outdoor space than many comparable properties.

3. The home seems smaller than others nearby. Is that a concern?
The living area is below the street and neighborhood averages. This means the interior may feel cozy compared to neighbors, but it also contributes to the lower assessment and may mean lower utility costs and property taxes.

4. What is the likely sold price?
Based on the last known sale range (CA$500k–550k in August 2023) and its assessed value of $450k, a precise current price requires market analysis. The provided data shows its past sale price performed well city-wide (Top 14%) but was more middle-of-the-pack locally.

5. How can I get the exact historical sold prices?
The site does not display MLS records. You can request the exact sold price history via email from the provider, who will manually look up and send the verified figures.