Property Overview: 554 Mcnaughton Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,369 sqft home, built in 1947, presents a solid and above-average offering within its immediate Riverview streetscape. Its primary appeal lies in its strong positional value on Mcnaughton Avenue, where it ranks well above street averages for both living area and assessed value. With a lot size of just over 6,000 sqft, it provides generous outdoor space compared to many in the neighborhood.
The home suits practical buyers looking for a established property in a mature area, where the metrics suggest a premium over many direct neighbors. It’s a fit for those who value space and a stable community over a newer build, as the home is older than most city-wide comparables. A thoughtful perspective is that this property represents a "known quantity" within its micro-market—its above-street-average assessments and recent sale price indicate it is already recognized as one of the more substantial homes on the block, which can offer confidence in its established value but may mean less upside for value-seeking renovators.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly among its 62 direct neighbors. It’s in the top 11% for lot size, top 19% for living area, and top 10% for assessed value, indicating it is a larger and more valuable property than most on Mcnaughton Avenue.
2. What was the exact sold price in March 2025?
The public data shows a sold price range of CA$400,000–$450,000. To obtain the exact, verified sale figure, you must request a manual lookup via email from the site, as they do not display MLS records.
3. Is the home older than average?
Compared to the city overall, yes. Built in 1947, it’s older than about 76% of comparable Winnipeg homes. However, it is perfectly typical for its street (average year built is 1947) and neighborhood.
4. How does the assessed value relate to the sale price?
The assessed value is $463,000. The recent sale within the $400k–$450k range suggests it sold below its assessed value, which is a point for potential buyers to discuss with their agent regarding current market conditions and valuation.
5. What are the similar nearby properties like?
Nearby references on the same street (like 500 Mcnaughton) show very similar vintage and size, with assessed values clustering in the $350k–$450k range. This consistency suggests a stable, uniform block of post-war homes.