| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Land Area 5,449 sqft | Top 98%194/198 Avg10,904 sqft Top 85%2417/2836 Avg7,084 sqft Top 45%87207/194458 Avg6,570 sqft 354 Mcivor Avenue: For Land Area. On Mcivor Avenue, below average — Top 98%, rank 194 of 198, and comparable homes in that group average about 10,904 sqft. in River East, below average — Top 85%, rank 2417 of 2836, and comparable homes in that group average about 7,084 sqft. citywide, around average — Top 45%, rank 87207 of 194458, and comparable homes in that group average about 6,570 sqft. | ||
Year Built 1957 （69 years ago） | Top 95%189/198 Avg1976 Top 96%2723/2836 Avg1976 Top 63%122102/194458 Avg1966 354 Mcivor Avenue: For Year Built. On Mcivor Avenue, below average — Top 95%, rank 189 of 198, and comparable homes in that group average about 1976. in River East, below average — Top 96%, rank 2723 of 2836, and comparable homes in that group average about 1976. citywide, around average — Top 63%, rank 122102 of 194458, and comparable homes in that group average about 1966. | ||
Living Area 1,440 sqft | Top 44%88/198 Avg1,510 sqft Top 35%999/2836 Avg1,399 sqft Top 34%65497/194458 Avg1,342 sqft 354 Mcivor Avenue: For Living Area. On Mcivor Avenue, around average — Top 44%, rank 88 of 198, and comparable homes in that group average about 1,510 sqft. in River East, around average — Top 35%, rank 999 of 2836, and comparable homes in that group average about 1,399 sqft. citywide, around average — Top 34%, rank 65497 of 194458, and comparable homes in that group average about 1,342 sqft. | ||
Assessed Value 360k | Top 87%173/198 Avg42.70k Top 67%1900/2836 Avg40.10k Top 50%97764/194458 Avg390k 354 Mcivor Avenue: For Assessed Value. On Mcivor Avenue, below average — Top 87%, rank 173 of 198, and comparable homes in that group average about 42.70k. in River East, around average — Top 67%, rank 1900 of 2836, and comparable homes in that group average about 40.10k. citywide, around average — Top 50%, rank 97764 of 194458, and comparable homes in that group average about 390k. | ||
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 40.10k | Top 64%126/198 Avg Around average same street Top 64% | Top 44%1258/2836 Avg Around average neighbourhood Top 44% | Top 38%73989/194458 Avg Around average Winnipeg Top 38% |
Property Overview
This two-storey home on a large, 5,449 sqft lot in Winnipeg's River East neighbourhood presents a classic and solid opportunity. Built in 1957, its key appeal lies in its established setting and recent updates. The home features 1,440 sqft of living space, an attached garage, and a renovated basement. Its assessed value of $360k sits well above its last sale price in 2021, indicating significant appreciation.
The property’s standout characteristic is its land. The lot size ranks in the top 2% on its street, offering rare space for gardens, play, or expansion in this mature area. While the living area is modest relative to the lot, the renovated basement adds functional space. This home suits buyers looking for a grounded investment in a stable neighbourhood—those who value outdoor space over a brand-new build, and who see potential in a home that has already seen substantial value growth. It’s a practical choice for a young family seeking room to grow or a long-term holder appreciating the stability of a top-tier lot in a well-ranked local context.
Frequently Asked Questions
Q: How does the lot size compare to typical properties in Winnipeg?
A: The lot is significantly larger than average, ranking in the top 55% city-wide for area. Its true advantage is hyper-local, placing in the top 2% on its own street, which is a notable feature in this mature neighbourhood.
Q: The home was built in 1957. What should I consider?
A: While the building age is older, it ranks newer than most on its street and in the neighbourhood. The renovated basement is a positive update. A thorough inspection is always recommended for homes of this vintage to understand the condition of core systems like plumbing, electrical, and the roof.
Q: The assessed value is much higher than the 2021 sale price. What does this mean?
A: This suggests the property has appreciated considerably in a short time, likely due to market conditions and the value of its large lot. It sets a current benchmark for municipal taxes, but the final market sale price is determined between a buyer and seller.
Q: Who would this property not suit?
A: It may not suit buyers seeking a modern, open-concept layout or those unwilling to potentially update older elements of a 1957 structure. The living space is also modest for the lot size, so those prioritizing vast interior square footage over outdoor space might look elsewhere.
Q: What is the context of the "reference" properties listed?
A: Those are nearby or neighbourhood properties provided for general comparison of metrics like year built, size, and assessed value. They are not direct comparables in style or condition but help illustrate the spectrum of homes in River East.
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