Property Overview: 37 Ashland Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1952-built home on a 6,396 sqft lot presents a distinct profile in the desirable Riverview neighborhood. Its primary appeal lies in its relative modernity compared to its surroundings; it is a significantly newer build than most homes on its street and in the wider area, potentially meaning fewer concerns with aging infrastructure. The assessed value of $437k is strong for the neighborhood, indicating official recognition of its worth above local averages.
The home’s living space of 926 sqft is compact, ranking below averages for the street, neighborhood, and city. This positions the property not as a sprawling family home, but as an efficient, manageable footprint. It would suit first-time buyers, downsizers, or investors seeking a lower-maintenance property in a prime area without paying for excess square footage. The lot size is generous for the neighborhood, offering valuable outdoor space and future potential relative to the home’s scale. The appeal here is nuanced: you are investing in a newer structure on a good lot in a well-regarded area, accepting a cozy interior floor plan in exchange for location and a potentially more modern build.
Frequently Asked Questions
1. Is the home’s smaller living area a drawback?
It depends on your needs. The below-average square footage makes for a more manageable and likely efficient-to-heat home, which can be ideal for smaller households. It suggests the value is driven more by the lot, location, and newer construction year than by interior size.
2. Why is the assessed value above the neighborhood average?
The assessment likely reflects the home’s younger age (1952 vs. a neighborhood average from 1938) and its substantial lot size. These factors can offset a smaller living area in valuation models, signaling a solid underlying property value.
3. How does the lot size compare meaningfully?
While it’s around average for the street, the lot is above average for Riverview and city-wide. For a home of this size, the yard space is disproportionately large, offering a rare blend of a compact home with ample outdoor room in a central neighborhood.
4. What does the sold price history indicate?
The home sold between $400k-$450k in mid-2021. This range was above the typical rate for the area and city at that time, reinforcing that this property has historically commanded a premium, likely for the same reasons it holds a higher assessed value today.
5. How reliable is this sold price data?
The provided sold price is a range from public records, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS sold data here.