Property Overview: 275 Wavell Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, modernity, and value within Winnipeg's Riverview neighborhood. Its key strength lies in its generous 6,957 sqft lot, which ranks in the top 6% on its street and top 8% in Riverview, offering significant outdoor potential. Built in 1959, it is notably newer than most area homes, ranking in the elite top 2% on its street and top 5% in the neighborhood, which often suggests updated infrastructure and fewer immediate maintenance concerns.
With 1,165 sqft of living space, the interior is competitively sized against local averages. The assessed value of $431k sits above average for both the street and Riverview, indicating strong perceived value by the city assessor relative to its immediate peers.
The appeal here is for practical buyers seeking a balanced, move-in-ready property. It would suit a young family or professional couple looking for a established, quiet street with room to grow outdoors, without the uncertainties of a much older home. A thoughtful perspective is that this property offers a "middle ground"—it’s not the largest or smallest, newest or oldest, but provides above-average lot size and modernity in a package that has consistently held value above its direct comparables.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Public records show it last sold between $350k-$400k in mid-2016. Its current assessed value of $431k is above the street average of $405k, suggesting appreciation. For verified, exact sale prices of this and nearby homes, you can request a manual lookup via email.
2. Is the house older than it seems given its 1959 build date?
Actually, no. For Riverview, a 1959 build is considered quite recent. It ranks in the top 5% for year built in the neighborhood, where the average comparable home was built in 1938. This relative newness can be a advantage.
3. The living area seems average. What makes this property stand out?
The standout features are the lot size and the newer build year. While the living space is on par with area norms, you are getting a larger-than-average yard and a home that is structurally younger than most in the area, which is a less common combination.
4. What does the "Above Average" assessed value ranking mean for property taxes?
An assessed value above the local average generally means you can expect a property tax bill that is also above the local average, as taxes are calculated based on this assessment. It reflects the city’s valuation of the property relative to others.
5. Can I see how this property compares visually to its neighbors?
Yes. You can open the dedicated neighbourhood analysis page to view this property on a map alongside nearby houses, with comparisons for year built, living area, assessed value, and lot size detailed side-by-side.