Property Overview: 615 Churchill Drive, Riverview, Winnipeg
Key Characteristics & Appeal
This Riverview home presents a compelling mix of space, land, and established value. Its primary appeal lies in its generous 10,886 sqft lot, which ranks in the top 1% of the Riverview neighborhood and the top 5% city-wide, offering exceptional outdoor potential. The 1,648 sqft living area is consistently above average for its street, neighborhood, and Winnipeg overall. Built in 1948, it is a mature home on a street where most houses are slightly newer.
The assessed value of $644,000 is a standout feature, positioned in the top 4% in Riverview and top 6% city-wide, indicating a premium valuation relative to the market. This suggests a property that has been significantly upgraded or is in a highly desirable micro-location. The home would suit buyers looking for a large, private yard in a well-regarded area, who value space over a newer build, and who are comfortable with a property carrying an assessed value notably higher than area averages. It’s a solid choice for those seeking a established, spacious property with room to grow or enjoy outdoors.
Frequently Asked Questions
1. How does the 1948 build year compare to nearby homes?
While the home is older than the average on its specific street, it is actually around the average age for the broader Riverview neighborhood, which has many character homes from the early-to-mid 20th century.
2. The assessed value seems high. What does this mean?
The $644,000 assessment is elite for the area (top 4%), significantly above neighborhood and city averages. This typically reflects major improvements, a premium lot, or a combination of factors that the assessor recognizes. It’s a marker of the property’s established premium standing.
3. How usable is the large lot?
At nearly 11,000 sqft, the lot is substantially larger than most in Winnipeg. This allows for possibilities like extensive gardening, recreational space, additions, or simply greater privacy—a rare find within the city.
4. What can the 2017 sale price tell me?
The home sold for an estimated $300k-$350k in late 2017. The dramatic increase to its current assessed value highlights a significant change in market valuation over that period, likely due to market appreciation and/or substantial investments in the property.
5. Are the "top %" rankings a good measure?
Yes, they provide clear, data-driven context. For example, ranking in the "top 1%" for lot size in Riverview isn't just a phrase—it means only a handful of over 1,400 comparable properties in the neighborhood have more land.