Property Overview: 270 Balfour Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1921 home in Riverview presents a classic Winnipeg character property with a practical balance of space and value. At 936 sqft, the living area is modest, placing it below local averages, but it sits on a notably generous 6,398 sqft lot that ranks well above the neighborhood standard. This creates a distinct profile: a cozier interior footprint paired with significant outdoor potential. The assessed value of $361k is firmly around the average for the area, suggesting a fair market positioning.
The primary appeal lies in this land-to-building ratio. It’s a home for those who value private outdoor space for gardening, play, or expansion more than expansive interior square footage. It suits a first-time buyer, downsizer, or investor looking for an entry into a well-established neighborhood like Riverview without a premium price tag. The home’s age (1921) means potential for original charm but also implies a need for due diligence regarding updates and maintenance. A thoughtful perspective is that this property represents a "land play" in a mature area—the value is increasingly anchored in the sizable lot, while the home itself offers functional living space.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area of 936 sqft is below the average for both Balfour Avenue and the wider Riverview neighborhood. This indicates a more compact interior layout typical of some older homes, which often makes for efficient heating and maintenance.
2. Is the assessed value in line with the area?
Yes. The $361k assessment is very close to the neighborhood average, ranking it around the middle of the pack. This suggests the property is priced consistently with its core characteristics and isn’t an outlier.
3. What is the significance of the lot size?
The 6,398 sqft lot is a key feature. It ranks in the top 14% within Riverview, meaning it’s substantially larger than many neighboring properties. This offers more privacy, yard space, and future potential than is typical for the area.
4. What was the previous sale price?
Public records indicate it last sold in November 2020 for between $300,000 and $350,000. For verified, exact historical sale figures, a manual lookup can be requested from the site.
5. What are similar nearby properties like?
Nearby homes on Balfour Avenue and Clare Avenue, built in the same era (1920s), show a range. Comparable properties have living areas from about 900 to 1,350 sqft and assessed values from $313k to $380k, confirming this home sits within a varied but consistent historic streetscape.