Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (River Avenue): Below Average. Ranked #164 out of 246 (Bottom 33%). The street average for comparable homes is 883 sqft.
Neighborhood Level (River-Osborne): Below Average. Ranked #295 out of 502 (Bottom 41%). The neighborhood average for comparable homes is 847 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #20,953 out of 26,841 (Bottom 22%). The citywide average for comparable homes is 1,042 sqft.
Street Level (River Avenue): Around Average. Ranked #77 out of 246 (Top 31%). The street average for comparable homes is 241.2k.
Neighborhood Level (River-Osborne): Around Average. Ranked #202 out of 502 (Top 40%). The neighborhood average for comparable homes is 232.2k.
Citywide Level (Winnipeg): Around Average. Ranked #12,590 out of 26,841 (Top 47%). The citywide average for comparable homes is 276.9k.
Street Level (River Avenue): Above Average. Ranked #1 out of 246 (Top 0%). The street average for comparable homes is 1977.
Neighborhood Level (River-Osborne): Above Average. Ranked #1 out of 502 (Top 0%). The neighborhood average for comparable homes is 1981.
Citywide Level (Winnipeg): Above Average. Ranked #2,886 out of 26,841 (Top 11%). The citywide average for comparable homes is 1990.
River-Osborne market pulse
How to read: Share of sales in each ~$50k price band for “river-osborne” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
202-247 River Avenue — 22 amenities found within 500 m, across 8 categories, including 3 dining (nearest 355 m), 1 education (nearest 406 m), 2 healthcare (nearest 151 m).
Crime & safety
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Related homes
Nearby interested homes
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview & Key Characteristics
This 797 sqft unit at 202-247 River Avenue is a modern, low-maintenance condo in Winnipeg's vibrant River-Osborne neighbourhood. Built in 2017, it offers a contemporary living space within a newer building, requiring minimal upkeep with no basement, garage, or pool. Its standout feature is its exceptional location ranking—it sits in the top 1% of properties on its street and within its neighbourhood, suggesting a highly desirable address within the area.
The appeal lies in a combination of modern convenience and a premier location. It suits first-time buyers or downsizers seeking an affordable, turn-key property in a central, walkable community without the responsibilities of a yard or an older home. A thoughtful perspective is that the relatively modest assessed value, compared to its top-tier location ranking, could represent a strategic entry point into one of the area's most sought-after streets.
Frequently Asked Questions
1. What does the "top 1%" location ranking actually mean?
This statistic indicates that this specific address ranks higher than 99% of other properties on River Avenue and in the River-Osborne neighbourhood for its overall desirability, which is likely based on combined factors like street appeal, positioning, and proximity to amenities.
2. Is the living space smaller than average for the area?
At 797 sqft, it is below the neighbourhood median. This reflects a efficient, modern layout and aligns with the target market of buyers prioritizing location and newer construction over square footage.
3. Why is the assessed value notably lower than some nearby properties?
The assessed value is for this specific condo unit, not the entire building. It reflects the unit's share of property value. Direct comparisons to the assessed values of large, single-family homes (like the 4,222 sqft reference property on the same street) are not applicable, as they are entirely different property types.
4. What are the implications of having no garage?
This is common for downtown-adjacent condo living. Buyers should plan for street parking or investigate the availability and cost of a dedicated parking spot or nearby lot, which would be an additional consideration.
5. Who might this property not suit?
It would not be ideal for those requiring multiple bedrooms, ample storage, private outdoor space, or on-site parking. It's designed for a streamlined, urban lifestyle rather than for families needing significant room or individuals with extensive hobby or vehicle space needs.