Property Overview: 121 Ashland Avenue, Riverview, Winnipeg

Key Characteristics & Appeal

This 1948 home in Riverview presents a balanced, grounded opportunity. Its primary appeal lies in its generous 6,410 sqft lot, which ranks in the top 2% on its street and top 9% in the neighborhood, offering significant outdoor space that is increasingly rare. The house itself, at 1,187 sqft, is consistently "around average" in size and assessed value ($399k) when compared to its immediate street, Riverview, and Winnipeg overall. This creates a specific dynamic: you are purchasing a property with a lot size that stands out, paired with a home that is comfortably in line with community norms.

The data suggests a property for a pragmatic buyer who values land and location over a large or modern footprint. It would suit a first-time buyer looking for a character home with room to garden or expand long-term, or an investor seeking a stable asset in an established neighborhood. A thoughtful perspective is that its very "averageness" in key metrics like living area and value against local benchmarks indicates a lower risk of overpaying relative to the area, while the elite lot size provides a tangible asset with inherent flexibility.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $399k. The last known sale was between May 2016 and April 2025, in the range of $350k–$400k. For fully verified, exact historical sale figures, you can request a manual lookup via email.

2. Is the house smaller than others in the area?
The living area is slightly below the street average (1,187 sqft vs. 1,388 sqft) but aligns closely with the Riverview neighborhood average (1,306 sqft). It is a character-appropriate size for its 1948 build year.

3. What does the lot size ranking actually mean?
Ranking in the top 2% on Ashland Avenue means this property has one of the largest lots on the street. Compared to all of Riverview, its lot is in the top 9%, significantly larger than the neighborhood average of 5,583 sqft.

4. Is a 1948 home a concern?
The build year (1948) is newer than many on its street (average 1939) and in Riverview (average 1938). City-wide, it is older than average. This typically indicates classic construction and potential for original features, but a thorough inspection is always recommended.

5. Where can I see how this property compares visually to its neighbors?
You can open the dedicated neighbourhood analysis page to view this property on a map alongside nearby homes, comparing lot size, year built, living area, and assessed value in detail.