Property Overview: 347 Montgomery Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1950s home in Riverview presents a solid, above-average investment within its established neighborhood. Its primary appeal lies in its strong value positioning. With an assessed value of $457k, it sits notably above averages for both Riverview and Winnipeg overall, suggesting a perception of quality or desirability that outpaces many direct comparables. The lot size is also a key asset, being above average for the street, offering valuable outdoor space.
The living area is functionally average for the area, making it suitable for a small family, a couple, or an investor. Its appeal is grounded in balance: it offers a newer build date than many Riverview homes, a generous lot, and a value assessment that implies it's a step above the norm without being an outlier. This property would suit a practical buyer looking for a stable home in a mature neighborhood, or an investor attracted by its assessed value strength relative to the area. It’s a home that leans into established community character rather than modern square footage.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighborhood and city averages?
A higher assessed value can reflect factors like recent improvements, superior condition, or desirable lot features not fully captured in basic metrics. It suggests the property is considered a premium offering within its immediate context.
2. How does the sold price from 2019 relate to today's value?
The 2019 sale price (estimated between $350k-$400k) is a historical data point. The current assessed value of $457k indicates significant appreciation since that sale, reflecting market trends and possibly changes to the property itself.
3. Is the living space smaller than average?
At 1,161 sqft, the living area is slightly below the street average but is very typical for Riverview and Winnipeg as a whole. It represents the standard, efficient footprint common to many homes of its era.
4. What does the "above average" year built for Riverview mean?
Riverview has many homes dating to the 1930s and earlier. Being built in 1950 makes this property relatively newer within the neighborhood, which can sometimes mean updated infrastructure or layout preferences found in mid-century designs.
5. How reliable is the sold price data shown?
The provided sold price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, which they provide via email.