Property Overview: 134 Summerview Lane, Rivergrove

Section 1: Key Characteristics & Appeal

This home at 134 Summerview Lane presents a compelling blend of space, established location, and value. Its primary appeal lies in its generous proportions, both in the 2,484 sqft living area and the substantial 11,942 sqft lot, which offer room to grow and privacy that is increasingly rare. While the 1990 build date means it’s not a new construction, it is notably newer than most Winnipeg homes and sits on a street of similarly aged properties, suggesting a mature, settled streetscape.

The data reveals a property that stands out at every level. Its living space is in the top 3% city-wide, and the lot size ranks in the top 5% for the Rivergrove neighborhood. The assessed value of $615k is consistently above average across street, neighborhood, and city comparisons, indicating a recognized premium. This isn't the newest or most extravagant home on the block, but it represents a well-above-average offering in a highly desirable category: a spacious family home on a large lot in an established area.

This property would best suit buyers who prioritize interior and exterior space over a brand-new build. It’s ideal for a growing or multi-generational family needing room to spread out, or for anyone who values a larger yard for gardens, recreation, or future expansion. It appeals to the value-conscious buyer who understands that its above-average metrics in a prime neighborhood often represent a more sound long-term investment than a smaller, newer property at a similar price point.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its last sale price?
The home sold in June 2019 for an estimated $450k-$500k. Its current assessed value of $615k reflects market appreciation and is supported by its above-average rankings for size and value in the area.

2. Is the lot size a major advantage?
Yes. The lot is approximately 25% larger than the street average and 67% larger than the neighborhood average. This elite ranking city-wide (top 4%) is a significant, less-negotiable feature that adds substantial value and potential.

3. The home was built in 1990. What should I consider?
While newer than the typical Winnipeg home, a 1990 build means key systems (roof, HVAC, windows) may be nearing or past their typical lifespan. A thorough inspection is crucial. The upside is that the home likely benefits from modern layouts and materials compared to much older stock.

4. The living area is in the top 3% city-wide. What does that mean practically?
This places the home among the most spacious available. It translates to larger rooms, more bedrooms, potentially multiple living areas, and greater storage—a key differentiator for families or those working from home.

5. How does this property fit within its immediate street?
It is a leader on its street. It ranks #6 for lot size, #15 for assessed value, and #21 for living area out of 63 homes. This suggests it is a well-regarded, substantial property on a street of similarly desirable homes, not an outlier, which can be positive for maintaining value.