Property Overview: 321 Clare Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1923 home in Riverview presents a classic Winnipeg character property on a notably generous lot. Its primary appeal lies in its land size—at over 6,300 square feet, the lot is larger than most on the street and in the neighborhood, offering valuable outdoor space and potential. The assessed value of $386k is firmly in line with area averages, suggesting a stable, mid-market investment.
The living space, at 988 sq ft, is more compact than typical area homes, indicating a property that prioritizes lot size over interior square footage. This creates a specific dynamic: it’s a home for those who value space around them, possibly for gardening, recreation, or future expansion, rather than extensive indoor rooms. It would suit a first-time buyer, downsizer, or investor looking for a character home with a land advantage in a well-established neighborhood, without a premium price tag. The recent sale history (last sold 2020, between $300k-$350k) suggests potential for equity growth, given the current assessment.
Frequently Asked Questions
1. Is the house smaller than others nearby?
Yes. The living area is below the average for Clare Avenue, Riverview, and Winnipeg overall. This is a key consideration if interior space is a priority.
2. What does the lot size ranking actually mean?
Ranking in the top 15% on its street for land area means this property has one of the larger lots on Clare Avenue. This is its most standout feature compared to immediate neighbors.
3. How current and reliable is the assessed value?
The $386k assessment is a municipal valuation for tax purposes, not a market appraisal. It is a useful benchmark, showing the home is priced around the middle of the pack for the area, but a professional appraisal would be needed for exact market value.
4. Can I find out the exact past sale price?
The site provides a sold price range. For the precise figure, you must request a manual lookup via email, as MLS sold data is not displayed due to industry regulations.
5. How does the 1923 build year compare?
The home is older than most on its street (where the average build year is 1944). This suggests a classic build with potential for character details, but also implies a greater need for a thorough inspection of aging components like wiring, plumbing, and the foundation.