Property Overview: 483 Montague Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,173 sqft home, built in 1947 on a 6,002 sqft lot, presents as a solidly average offering within its established Riverview neighborhood. Its appeal lies in its consistency and stability rather than standout extremes. The assessed value of $412k is notably higher than both the Riverview and city-wide averages, suggesting the property is perceived as a premium offering within its immediate context. The lot size is generous for the area, offering above-average outdoor space potential compared to neighborhood norms.
This home would suit a practical buyer looking for a stable investment in a mature neighborhood. It’s ideal for someone who values space over newness, appreciates the character of a post-war home, and is comfortable with a property that may require updates reflective of its age. The data indicates it’s not the largest or newest on the block, but it holds its value well within a desirable streetscape, making it a sensible choice for those seeking a balanced, long-term home without unexpected peaks or valleys in its profile.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home last sold between $300k-$350k in mid-2016. Its current assessed value of $412k is significantly higher, indicating strong appreciation. This assessed value also places it in the top third of homes on Montague Avenue and in Riverview, signaling it is considered a higher-tier property for tax purposes within its peer group.
2. Is the living space smaller than average?
At 1,173 sqft, the living area is slightly below the average for Montague Avenue (~1,272 sqft) and Riverview (~1,306 sqft). This suggests a more compact or efficiently used floor plan compared to some neighbors, which could appeal to those seeking easier maintenance without sacrificing lot size.
3. What does the "Below Average" city-wide ranking for year built mean?
While the home’s 1947 build is typical for its street and neighborhood, it ranks as "Below Average" city-wide because Winnipeg has many newer subdivisions. This isn’t a comment on condition, but simply reflects that the home is older than the median city home (built ~1966). Buyers should factor in the potential for age-related maintenance.
4. How reliable is the sold price data shown?
The sold price range is 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 via email, as industry rules prevent displaying official MLS records here.
5. The assessed value seems high for the neighborhood. Why?
While the Riverview average assessed value is $389k, this property is assessed at $412k. This premium could be due to specific attributes like its larger-than-neighborhood-average lot, improvements, or its positioning on a street where average values are even higher ($419k). It indicates the municipality views it as a higher-value asset on the street.