Property Overview: 468 Riverton Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on a 4,006 sqft lot in Chalmers presents a practical and straightforward opportunity. Its key characteristic is a renovated basement, adding valuable finished living space to the 779 sqft main floor. The home is complemented by a detached garage.

Its primary appeal lies in its position as a relatively affordable entry point into the Winnipeg market, particularly within its immediate neighborhood. The data shows that while the living space is modest compared to the city average, the property holds its own well within the Chalmers area, ranking above average for assessed value, lot size, and year built among local comparables. This suggests a home that is competitive and well-maintained for its specific context.

This property would suit first-time buyers or practical downsizers looking for a manageable, no-frills home with some updated living space. It’s for a buyer who values a larger-than-average lot for the area and the potential it offers—whether for gardening, storage, or future projects—over having a large interior. The recent sale history indicates a stable and active market for the home.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others?
At 779 sqft of living area, the home is cozier than the Winnipeg average but is fairly typical for Riverton Avenue and ranks above average for the Chalmers neighborhood specifically. The renovated basement effectively increases the usable living space.

2. What does the assessed value tell us?
The assessed value of $23.8k is above the average for Chalmers, which often indicates the property is in good condition relative to its peers. It’s important to note that assessed value for tax purposes is different from market value, but it can be a useful benchmark for comparison.

3. Is the lot size a benefit?
Yes. The 4,006 sqft lot is larger than the average lot in both the immediate area and the Chalmers neighborhood. This provides more outdoor space than many nearby properties, which is a notable advantage.

4. How stable has the property’s value been?
The home has sold four times since 2016, with sale prices showing consistency in its market range. This pattern suggests a property with a clear and established value in its segment, without volatile price swings.

5. What is the context of the "Year Built" (1949)?
Built in 1949, the home is newer than many in Chalmers, ranking above the neighborhood average. This can sometimes correlate with updates in foundational building materials or layout, though a thorough inspection is always recommended for any home of this age.