Property Overview: 253 Clare Avenue, Riverview, Winnipeg
Key Characteristics & Buyer Appeal
This 1941-built home in Riverview presents a distinct profile defined by a valuable trade-off. Its 800 sqft living space is notably compact, ranking in the bottom 10% for size both on its street and in the wider city. However, this is balanced by a generous 6,403 sqft lot, which is among the largest in the immediate area (top 6% on Clare Avenue). The assessed value of $345k sits below the street average but aligns closely with the typical home value in Riverview and citywide.
The primary appeal lies in this land-to-structure ratio. It’s a property for those who prioritize outdoor space, garden potential, and future expansion possibilities over immediate square footage. The home itself is a classic, older bungalow that may require updates reflective of its age. It would best suit a practical first-time buyer, an investor looking for a land-value play, or a downsizer seeking a manageable home with a spacious, private yard in a well-established neighbourhood. Its last known sale was between $250k-$300k in 2017.
Frequently Asked Questions
1. Is the house too small for a family?
While the living area is compact, the large lot offers significant outdoor space for children and entertaining. The layout and condition of the interior would be key factors, as some families may find it cozy with potential to expand, while others might need more finished space immediately.
2. Why is the assessed value below average on the street?
The assessment likely reflects the home’s smaller size and older age compared to larger or more renovated homes on Clare Avenue. Its value is much more in line with area and city averages, suggesting the street itself has a mix of higher-valued properties.
3. What does the large lot mean for me?
Beyond gardening and privacy, it offers long-term potential. It could accommodate additions like a garage, workshop, or home extension (subject to zoning bylaws). It’s a feature that is increasingly rare in established neighbourhoods.
4. As an older home, what should I be concerned about?
Built in 1941, prospective buyers should budget for and investigate the condition of major aging components. This includes the roof, foundation, plumbing, electrical systems, and windows. A thorough inspection is essential.
5. How can I find out the exact past sale price?
The provided data shows a range from 2017. Due to industry regulations, exact sold prices are not published online here. You can request the full transaction history by emailing the site directly for a manual lookup, which they provide without obligation.