Property Overview: 274 Ashland Avenue, Riverview

Key Characteristics & Appeal

This home at 274 Ashland Avenue is a classic Riverview property that presents a balanced, middle-of-the-road profile. Built in 1923, it is one of the older homes on its street, offering character and potential for those who appreciate established neighborhoods. Its 1,328 sqft living space is consistently around the average for the street, Riverview, and Winnipeg overall, indicating a comfortable, typical family footprint.

The standout feature is the land. The 6,397 sqft lot is above average for the Riverview neighborhood and citywide, providing generous outdoor space that is less common in newer developments. The assessed value of $384k sits slightly below the street average but aligns closely with area and city benchmarks, suggesting a fairly valued entry point into the market.

This property would suit pragmatic first-time buyers or downsizers looking for a established home without extreme outliers in size or price. Its appeal lies in its consistency and the value of its larger lot—offering room for gardens, play, or expansion in a well-located neighborhood. It’s a home for someone seeking a straightforward purchase in a mature area, where the investment is in the land and location as much as the structure itself.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
Based on available data, the last known sale was in 2016 for an estimated $300k-$350k. The current assessed value of $384k is below the current street average of ~$426k, which may indicate room for value growth or reflect the home’s older vintage.

2. Is the lot size a significant advantage?
Yes. The lot is larger than most in the Riverview neighborhood (ranking in the top 21%) and above the city average. This provides more private outdoor space than many comparable properties and is a key asset.

3. What should I consider about the 1923 build date?
The home is older than most on its street and in the city. This often means character and mature landscaping, but it warrants a thorough inspection for updates to major systems like wiring, plumbing, and insulation that may be needed.

4. Are the living area and assessed value typical?
Both are consistently around the average for the street, neighborhood, and city. This suggests the home is not over- or under-sized for its market and is priced in line with broader norms, offering a stable, benchmarked investment.

5. How can I verify the exact historical sale prices?
The site provides estimated sold price ranges. For fully verified figures and a complete transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.