Property Overview

This is a single-family home in the River East area of Winnipeg, located on McIvor Avenue. It was built in 1980, which puts it above average in age compared to nearby homes, but still within a range that many buyers find solidly built and well-established. The living area is roughly 1,295 square feet, which is around average for the city but slightly smaller than the typical home on this street. The land parcel is about 5,875 square feet—again, around average, though it ranks lower on McIvor Avenue specifically, suggesting neighbouring lots tend to be bigger.

The property’s assessed value is approximately $399,000, which sits near the median for River East and slightly above the citywide average. This isn’t a standout “deal” or a premium listing; it’s a middle-of-the-pack home in a stable residential area. The appeal here is consistency and relative affordability within a decent neighbourhood. It doesn’t offer anything flashy, but it also doesn’t carry obvious red flags.

This home would suit buyers who want a straightforward, liveable house in an established part of Winnipeg—people who aren’t chasing trends but need something functional and reasonably priced. First-time buyers on a moderate budget, small families, or anyone looking to avoid the premium attached to newer builds could find this practical. The 1980 construction may appeal to those who prefer older building standards (solid framing, larger lots) over modern infill, but it’s not so old that major systems are guaranteed to need replacement.

Frequently Asked Questions

1. How does the living space compare to typical homes in Winnipeg?
It’s close to the citywide average of 1,342 square feet, so you’re getting a typical amount of room. On McIvor Avenue, it’s on the smaller side—many neighbours have around 1,510 square feet. If you need more space than the average Winnipeg house, this may feel a bit tight.

2. Is the assessed value a realistic estimate of the purchase price?
Assessed value ($399,000) is a government valuation for tax purposes, not a guaranteed sale price. In River East, assessed values and market prices often track closely for homes in this range, but you’d want to check recent sales on McIvor for a true picture. This property sits near the median for the area, so a large discrepancy is unlikely.

3. The land area rank on the street seems low—why?
The lot is 5,875 square feet, which is on par with many city lots. But McIvor Avenue has some larger parcels; the street averages bigger than this home’s footprint. So while the lot size is normal for Winnipeg overall, it ranks in the bottom 6% on this specific street. If you’re comparing only to immediate neighbours, it’s on the smaller side.

4. What should a buyer watch out for in a 1980 home?
Homes from this era often have original mechanicals (furnace, water heater, roof) that may be nearing end-of-life. Electrical and plumbing are usually adequate, but updates can vary. The construction quality from the early ’80s is generally decent, but you’ll want a home inspection to check windows, foundation, and insulation. No obvious red flags here, but it’s not a new build.

5. Is this a good property for re-sale value down the road?
It’s positioned in an average-to-slightly-above-average spot within a stable market. River East isn’t a hot up-and-coming area, but it also isn’t declining. The home’s value will likely track with the general market rather than outperforming. If you’re looking for appreciation potential, you’d want a property in a tighter location or with more upside. This one is more about steady, predictable ownership.