Property Overview: 272 Clare Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,376 sqft home, built in 1949, presents a solid and above-average offering within its established Riverview neighborhood. Its primary appeal lies in its strong value proposition and desirable location. The home's assessed value of $487k is notably above average for the street, neighborhood, and city, suggesting it is a well-regarded property in its peer group. The living space is comfortably above the street average, offering more room than many direct neighbors.
The property would suit practical buyers looking for a home with established character in a mature community. It's ideal for someone who values a clear, above-average standing in terms of both square footage and perceived value on a specific street, rather than seeking a new build or the largest lot. The data indicates a home that likely balances period charm with updates that have been recognized in its assessment. A thoughtful perspective is that while the home is newer than many in Riverview, it is below the citywide average for year built, hinting at a classic neighborhood feel but also implying that the condition and any modernizations will be key points of inspection.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $500k-$550k in January 2023, a price that placed it in the top 10-14% of sales for the area and city at that time. This historical sale supports its current above-average assessed value.
2. Is the lot size a pro or a con?
At just under 6,000 sqft, the lot is typical for the Riverview area but slightly smaller than the average on Clare Avenue itself. It offers standard outdoor space for the neighborhood, which is often a trade-off for the community's central location and tree-lined streets.
3. What does the "Above Average" assessed value really mean?
It means the municipal property assessment is higher than most comparable homes on the street, in Riverview, and across Winnipeg. This typically reflects factors like the home's condition, improvements, and desirability, but it is not a direct market valuation.
4. The home was built in 1949. What should I consider?
While newer than many homes in Riverview, a 1949 build still requires attention to aging components like the roof, windows, plumbing, and electrical systems. Its "below average" year built city-wide underscores the importance of a thorough inspection.
5. How can I verify the exact historical sold price?
The site provides sold price ranges for general research. Due to industry rules, exact MLS sold prices are not displayed. You can request the exact figure via email from the site, which they will provide manually without using your email for marketing.