Property Overview: 282 Maplewood Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,212 sqft home, built in 1930, presents a solid, middle-of-the-road opportunity in Winnipeg's Riverview neighborhood. Its assessed value of $393k is very close to city and area averages, suggesting a fairly priced entry point. The lot size of just over 6,000 sqft is a notable strength, offering above-average outdoor space for the city, which is a valuable and less replaceable asset than interior square footage.
The appeal lies in its balance and potential. It’s not an outlier in size, value, or age, which can mean less competition and a more straightforward purchase process. It suits pragmatic buyers—perhaps first-time homeowners or downsizers—who value a stable, established neighborhood like Riverview and see potential in a character home from the 1930s. The data suggests it's a "blank canvas" property relative to its street; while homes on Maplewood Avenue average larger (1,466 sqft), this home's value is below the street average, possibly indicating an opportunity to add value through updates or an addition that leverages the generous lot.
Section 2: Frequently Asked Questions
1. Is this home priced fairly compared to the area?
The assessed value of $393k is very aligned with both the Riverview neighborhood average ($389.3k) and the Winnipeg city average ($390.1k) for comparable homes, indicating a market-rate valuation.
2. How does the lot size compare?
The land area is a key advantage. At 6,092 sqft, it is larger than most lots in Riverview and above the Winnipeg average, offering more private outdoor space than many city properties.
3. The home seems smaller than others on the street. Is that a concern?
The living area is below the street average (1,212 sqft vs. 1,466 sqft). This could mean a cozier footprint or potentially a home that hasn't been expanded. It's a factor for space needs, but also where future expansion opportunity might exist.
4. What can the 2017 sale price tell me?
It last sold for an estimated $300k-$350k in mid-2017. This provides a historical benchmark, but market conditions have changed significantly since then. For exact sale figures, a manual records lookup is required.
5. The home was built in 1930. What should I consider?
It's older than the average Winnipeg home. Prospective buyers should budget for a thorough inspection to understand the condition of aging components like wiring, plumbing, and the foundation, which is standard for homes of this vintage.