Property Overview: 482 Mcnaughton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1946 home in Riverview presents a specific value proposition centered on its generous lot. At just 726 sqft, the living space is notably compact, ranking well below averages for the street, neighborhood, and city. This is balanced by a land area of over 6,000 sqft, which is above average for its immediate street and neighborhood. The assessed value of $347k sits slightly below local averages, suggesting the price reflects the home's smaller size rather than its location.
The primary appeal lies in the land itself. It suits a buyer looking for a foothold in a well-established neighborhood where the value is in the property's potential rather than its current structure. It could be an ideal project for someone willing to renovate or expand the existing home to better utilize the sizable lot. Alternatively, it represents a lower-cost entry into the area for a minimalist buyer or investor, with the lot offering long-term value. Its recent sale history indicates steady market appreciation.
Section 2: Frequently Asked Questions
1. Is the house too small for practical living?
At 726 sqft, it is compact. It would suit a single person, a couple, or someone comfortable with efficient, minimalist living. The floor plan and condition of the interior will be critical factors.
2. Why is the assessed value lower than some neighbors?
The assessed value is closely tied to the size and characteristics of the dwelling itself. Given that this home's living area is significantly smaller than most comparable properties in the area, a lower assessment is typical, even on a desirable lot.
3. What can I do with such a large lot on a smaller house?
The lot is the key feature. It offers clear potential for expansion, such as an addition, or for creating substantial outdoor living space, gardens, or storage. Future redevelopment possibilities may also be a consideration, subject to local zoning.
4. How does the recent sale price compare to the assessment?
Based on available data, the home sold in 2024 for between $350k-$400k. This sale range aligns closely with its $347k assessed value, indicating the market price is consistent with its official valuation.
5. Where can I get exact historical sale prices for this home?
The provided data shows sold price ranges. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS records directly.