Property Overview: 285 Maplewood Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1925-built home in Riverview presents a balanced and practical opportunity. Its primary appeal lies in its generous 6,397 sqft lot, which ranks in the elite top 5% on its own street, offering above-average outdoor space for the neighborhood and city. The 1,504 sqft living area is comfortably above average for both Riverview and Winnipeg overall. With an assessed value of $387k, it sits consistently around the average mark for its street, neighborhood, and city, suggesting a fairly priced entry point for the area.
The home would suit a buyer who values space and potential over a modern build, as the lot size is a standout feature for gardening, expansion, or simply having more room. It’s a solid choice for those seeking a character home in a well-established neighborhood without a premium price tag, appealing to first-time homeowners or downsizers looking for a manageable footprint on a desirable piece of land. A thoughtful perspective is that its "around average" metrics across value and size indicate stability and lower risk, but they also mean it lacks a standout modern feature beyond the lot—making it ideal for a buyer who sees value in the land itself or in adding their own personal updates over time.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $400k-$450k in September 2021. That sale price placed it in the top 25-30% for the area at the time, indicating it may have been updated or in high demand then. Its current assessed value is slightly below the street's average.
2. Is the 1925 build date a concern?
The year built is older than the average Winnipeg home. While this is typical for Riverview, it suggests buyers should budget for potential maintenance or updates associated with a century-old home, such as windows, wiring, or plumbing.
3. What does the "elite" lot ranking actually mean for me?
It means your parcel of land is larger than 95% of the lots on Maplewood Avenue. This provides more privacy, yard space, and future flexibility (like adding a garage or deck) compared to most neighbors.
4. Are the sold prices shown here the official MLS records?
No. The sold price data is compiled from public sources, not the MLS. For verified, exact transaction history and figures, you must request a manual lookup from the site via email.
5. The living area is above neighborhood average, but the assessed value is average. Why?
This can happen with older homes where the usable living space is good, but the assessed value is tempered by the home's age, condition, or specific finishes compared to newer or renovated homes in the same area. The lot size adds value, but the overall assessment balances all factors.