Property Overview: 369 Churchill Drive, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,208 sqft bungalow, built in 1953, presents a solid, mid-century home in the established Riverview neighborhood. Its primary appeal lies in its value proposition within a desirable area. While the home itself is average in size for the city, its assessed value of $462k is notably above average for both Riverview and Winnipeg overall. This suggests the value is anchored more in the location and the lot than in the square footage of the house. The property sits on a 5,036 sqft lot, which is smaller than most on Churchill Drive but fairly typical for the wider city. This combination indicates a home that may appeal to those who prioritize neighborhood over expansive yard space.
The home would suit a buyer looking for a character property in a prime, central neighborhood without the premium price tag of a larger or fully renovated lot on the same street. It’s a practical entry point into Riverview. A thoughtful perspective is that the smaller, more manageable lot could be seen as a benefit for those seeking lower maintenance, while the above-average assessment for the area might indicate strong underlying value or potential for equity growth relative to other parts of the city.
Frequently Asked Questions
1. How does the sold price compare to the current assessed value?
The home last sold in September 2021 for an estimated $400k-$450k. The current assessed value is $462k, which is above that range. This difference highlights the importance of obtaining verified sale figures and understanding current market conditions versus historical data.
2. Is the lot size a disadvantage?
While the lot is smaller than others on Churchill Drive, it is closer to the citywide average. It offers less private outdoor space than some neighbors but may require less upkeep. The trade-off is location versus land size.
3. What does the "above average" assessed value for the neighborhood mean?
It means this home is officially valued higher than most (top 19%) comparable properties in Riverview. This can reflect the specific location, the home's condition, improvements, or the desirability of Churchill Drive itself, but it also means property taxes will likely be calculated from this higher baseline.
4. How can I get the exact historical sold price?
The exact sold price is not publicly displayed due to data source rules. You can request the exact figures by emailing the site directly; they will provide a manual lookup of the verified transaction history.
5. How does this home compare to others nearby?
It is slightly smaller in living area than the average home on its street but is assessed at a higher value than most in Riverview. Nearby comparable properties, like those on Montgomery or Balfour Avenues, offer reference points for size, age, and value within the same neighborhood.