Property Overview: 478 Mcnaughton Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1944-built home in Riverview presents a specific and practical opportunity. Its key characteristic is its compact 836 sqft living area, which is notably smaller than most comparable homes on its street and in Winnipeg overall. However, its assessed value of approximately $353k aligns more closely with city and neighborhood averages, suggesting the value proposition lies elsewhere.
The primary appeal is likely in its generous 6,001 sqft lot, which is above average for the Riverview area. This creates a clear value dynamic: you are acquiring a substantial piece of land with a modest, established home. It suits buyers looking for an entry point into a mature neighborhood like Riverview, where the land itself holds long-term value. It would be ideal for a minimalist, a downsizer, or an investor/renovator who sees potential in the sizable yard for expansion, a garden, or future development, rather than in the existing square footage. The price point reflects this, positioning it below the street's average assessed value.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 836 sqft, the living space is significantly below the local average. It would suit a single person, a couple, or someone comfortable with efficient, minimalist living. The trade-off is the larger-than-average lot size.
2. How does the assessed value compare to the likely selling price?
The assessed value is around $353k, which is below the street average. Recent sold price data for the area suggests a range, but for exact historical sale figures for this property, a manual lookup through the site is required.
3. What is the real draw here if the house is small?
The appeal is largely in the land. The lot is over 6,000 sqft, which is larger than many in Riverview. This offers privacy, outdoor space, and future potential that smaller lots in the city do not.
4. How does this property rank compared to its neighbors?
The home ranks below average in size and year built on its street but is around average for assessed value and land area in the broader neighborhood. This indicates you're paying primarily for location and lot, not for a large or modernized structure.
5. What are the possible next steps if I'm interested?
You can view the property on a detailed neighborhood map for comparison and request exact, verified sold price history for this address directly via email through the site to inform your decision.