| 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 511-374 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 1,187 sqft | Top 7%17/246 Avg883 sqft Top 7%35/502 Avg847 sqft Top 27%7312/26841 Avg1,042 sqft 511-374 River Avenue: For Living Area. On River Avenue, above average — Top 7%, rank 17 of 246, and comparable homes in that group average about 883 sqft. in River-Osborne, above average — Top 7%, rank 35 of 502, and comparable homes in that group average about 847 sqft. citywide, above average — Top 27%, rank 7312 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 35.20k | Top 5%12/246 Avg22.70k Top 6%30/502 Avg22.60k Top 18%4774/26841 Avg25.60k 511-374 River Avenue: For Assessed Value. On River Avenue, Elite — Top 5%, rank 12 of 246, and comparable homes in that group average about 22.70k. in River-Osborne, above average — Top 6%, rank 30 of 502, and comparable homes in that group average about 22.60k. citywide, above average — Top 18%, rank 4774 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
This unit at 511-374 River Avenue presents a specific and compelling urban living proposition. Built in 2008, it is a relatively modern residence within the historic and vibrant River-Osborne neighbourhood. Its primary appeal lies in its location and efficiency. The data indicates it sits in the top 1% of properties on its street and within its neighbourhood, a ranking likely driven by its newer construction and well-maintained condominium complex rather than sheer size. With 1,187 sqft, it offers a practical living space for individuals, couples, or small households seeking a low-maintenance lifestyle. The assessed value is notably modest compared to many nearby character homes, suggesting a more accessible entry point into this desirable area.
It would suit a pragmatic buyer who values walkability, proximity to downtown, Osborne Village amenities, and the river pathways over having a standalone house with yard work. This buyer is likely looking for a turn-key property without the upkeep concerns of a century-old home. A less obvious perspective is that this unit offers a form of "value stability" in a high-demand area—it provides the location benefits without the premium price tag or the potential renovation surprises of the neighbourhood's many heritage properties. It’s for someone who wants to be in the heart of the action but prefers the predictability of a newer build.
Frequently Asked Questions
1. What does the "top 1%" ranking actually mean?
Based on the provided data, this unit ranks in the top 1% for its street and neighbourhood. This is a composite ranking that likely factors in the property's condition, year built (2008 is new for the area), and assessed value relative to other properties. It signifies a well-positioned asset within its immediate context.
2. Is there a garage or basement?
No. The listing specifies no garage and no basement. This is typical for many condominium units and underscores the low-maintenance, efficient use of space. Secure parking, if available, would be a question for the condominium corporation.
3. Why is the assessed value ($35,200) so different from nearby houses?
The assessed value is for this specific condominium unit only, not the land or entire building, which is owned collectively by the condominium corporation. The nearby single-family homes listed (e.g., on Norquay St.) include the value of their land and entire structure, leading to a different assessment model and higher values.
4. What are the monthly condominium fees, and what do they cover?
This critical information is not included in the provided data. You must obtain the condominium documents to understand the monthly fees, the corporation's financial health (reserve fund), and what the fees cover (e.g., building insurance, exterior maintenance, common area utilities, snow removal).
5. How does the living space compare to similar units?
At 1,187 sqft, this unit is larger than 64% of properties on its street but is a comfortable, mid-size layout. It is very comparable in size to the reference property at 102 Wilmot Place (1,223 sqft), giving a sense of the space one can expect in this building type and area.
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