Property Overview: 271 Montgomery Avenue, Riverview, Winnipeg

Key Characteristics & Appeal

This 952 sqft bungalow, built in 1951, presents a classic Riverview offering. Its key appeal lies in a balanced profile within a desirable neighborhood. While the living space is modest—ranking below local and city averages—this is offset by a generous, above-average lot size of nearly 6,000 sqft for the street, offering valuable outdoor space and potential. The home’s assessed value of $401,000 sits comfortably around the average for both the street and the wider city, suggesting a stable, established valuation.

The property’s appeal is nuanced. It suits a first-time buyer or downsizer looking for a manageable footprint in a mature neighborhood without a premium price for excessive square footage. The larger lot is a significant asset, appealing to those who prioritize garden space, outdoor living, or future expansion potential over a large interior. A thoughtful perspective is that a home with below-average living area but an above-average lot in a consistent area like this can represent efficiency; you’re paying for location and land, not for maintaining unused rooms. Its sale in late 2021 within the $450k-$500k range indicates sustained market interest.

Frequently Asked Questions

1. Is the living area too small for a family?
While below the neighborhood average, the 952 sqft layout is typical of many post-war bungalows and can suit a small family or couple. The generous lot size provides crucial extra "living" space outdoors during warmer months.

2. How does the assessed value compare to recent sale prices?
The home last sold in late 2021 for an estimated $450,000-$500,000. Its current assessed value of $401,000 is a municipal assessment for tax purposes and often lags behind the current market, which can be influenced by factors like recent renovations and market conditions.

3. What does the lot size mean for me?
At nearly 6,000 sqft, the lot is larger than many in the immediate area. This allows for more privacy, gardening space, and potential for additions like a shed, deck, or garage, subject to city bylaws.

4. Is the year built (1951) a concern?
Built in 1951, the home is newer than many in Riverview. While this can mean updated building techniques compared to older homes, a buyer should still budget for standard maintenance and potential updates to original components like plumbing, electrical, or windows.

5. How can I get the exact historical sale price?
The provided sale data is based on public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, as MLS data is not displayed here due to industry regulations.