| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 2008 （18 years ago） | Top 20%50/246 Avg1977 Top 27%136/502 Avg1981 Top 32%8688/26841 Avg1990 405-374 River Avenue: For Year Built. On River Avenue, above average — Top 20%, rank 50 of 246, and comparable homes in that group average about 1977. in River-Osborne, above average — Top 27%, rank 136 of 502, and comparable homes in that group average about 1981. citywide, around average — Top 32%, rank 8688 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 1,239 sqft | Top 4%11/246 Avg883 sqft Top 5%27/502 Avg847 sqft Top 24%6336/26841 Avg1,042 sqft 405-374 River Avenue: For Living Area. On River Avenue, Elite — Top 4%, rank 11 of 246, and comparable homes in that group average about 883 sqft. in River-Osborne, Elite — Top 5%, rank 27 of 502, and comparable homes in that group average about 847 sqft. citywide, above average — Top 24%, rank 6336 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 360k | Top 3%8/246 Avg22.70k Top 4%22/502 Avg22.60k Top 16%4360/26841 Avg25.60k 405-374 River Avenue: For Assessed Value. On River Avenue, Elite — Top 3%, rank 8 of 246, and comparable homes in that group average about 22.70k. in River-Osborne, Elite — Top 4%, rank 22 of 502, and comparable homes in that group average about 22.60k. citywide, above average — Top 16%, rank 4360 of 26841, and comparable homes in that group average about 25.60k. | ||
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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Property Overview & Appeal
This condominium at 405-374 River Avenue presents a modern, low-maintenance urban lifestyle in Winnipeg's sought-after River-Osborne neighbourhood. Built in 2008, its key characteristic is its contemporary foundation within a historic area, offering newer mechanical systems and building standards compared to many century-old homes nearby. With 1,239 sqft of living space and an assessed value of $360k, it ranks in the top tier of its immediate street and neighbourhood for value, suggesting a premium unit in a desirable location.
The appeal lies in its balance of a vibrant, walkable location and a relatively new, manageable property. It suits buyers seeking a turn-key condo without the constant upkeep of an older house, particularly professionals or downsizers who want to be close to the amenities of Osborne Village and the river. A less obvious perspective is its potential as a strategic entry point into a high-demand area; the newer build may translate to fewer immediate major repair concerns than neighbouring heritage properties, allowing owners to invest more in enjoying the location rather than maintaining the structure.
Frequently Asked Questions
1. What does the "Top 1%" ranking for the neighbourhood mean?
This indicates the unit's assessed value is among the highest 1% of all properties in the River-Osborne area, reflecting its premium market position for a condo. It's important to note this is based on municipal assessment for taxation, not a direct market appraisal.
2. Is there any outdoor space or parking?
The listing does not specify a balcony, private yard, or dedicated garage. Parking and private outdoor areas would be key details to confirm with the condominium corporation, as they are not mentioned in the provided metrics.
3. How does the lack of a basement affect storage?
Without a basement, storage solutions will be confined to the unit's 1,239 sqft floor plan and any potential locker space. Buyers should inquire about in-suite storage layouts and whether the building offers common or private storage lockers.
4. The nearby similar-value properties listed are all in Elmhurst. Is this a relevant comparison?
This is an automated assessment comparison based on value banding, not neighbourhood. It shows other homes assessed around $360k, but Elmhurst is a different area. A more relevant comparison would be to recent sale prices of similar condos within the River-Osborne and Osborne Village districts.
5. The building seems to have many units (e.g., 101, 102, 508). What should I ask about?
This confirms it's a multi-unit condominium building. Essential questions would involve the condo fee amount, what it includes (utilities, insurance, reserve fund contributions), the health of the reserve fund, and any specific building rules or rental restrictions.
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