Property Overview: 278 Ashland Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1928 home in Riverview presents a practical opportunity centered on its lot and location. At 1,071 sqft, the living space is modest, ranking below the average for its own street but closer to the norm for the wider neighborhood and city. The standout feature is the 6,397 sqft land area, which is above average for Riverview, offering valuable outdoor space or future potential in a mature area.
The primary appeal lies in its value positioning. With an assessed value significantly below averages for the street, neighborhood, and city, this property could suit buyers looking for entry into a well-established area without the premium price tag of larger or more updated homes on the same block. It last sold between $250k-$300k in 2021, a price point that was highly competitive for the area at the time.
This home would likely suit a first-time buyer, an investor, or a downsizer comfortable with a character home from the 1920s. It’s for those who prioritize land size and location over immediate square footage, and who see potential in a property priced below its immediate peers. It’s a pragmatic choice for someone willing to trade a smaller interior for a larger lot in a central neighborhood.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value for tax purposes is consistently below area averages, which may reflect the home’s size and vintage. However, market conditions, the home’s interior condition, and the desirability of its large lot will ultimately determine the sale price.
2. How does the living space compare to nearby homes?
The home is cozier than most on Ashland Avenue, where average living areas are larger. It is more in line with the typical size for Riverview and Winnipeg overall, making it an average-sized home in the broader context but a smaller option on its specific street.
3. What are the implications of the large lot size?
The above-average lot for the neighborhood is a key asset. It provides more private outdoor space than many nearby properties and could offer future potential for additions, gardens, or landscaping projects, subject to local zoning regulations.
4. The home was built in 1928. What should I consider?
Homes from this era often have solid construction but may require updates to mechanical systems like wiring, plumbing, or insulation. A thorough inspection is essential to understand the condition and any needed maintenance or modernization costs.
5. How can I verify the exact past sale price?
The provided sold price is an estimate from public records. For fully verified and exact transaction history, you must request a manual lookup from the site, which they provide via email. MLS data is not displayed on this platform due to industry rules.