Property Overview: 284 Maplewood Avenue, Riverview, Winnipeg

Section 1: Key Characteristics & Appeal

This 832 sqft home, built in 1927, sits on a slightly larger-than-average city lot in the established Riverview neighborhood. Its key characteristic is its position as a more affordable entry point into a desirable area. The home’s living area and assessed value are consistently below the averages for its street, neighborhood, and city, indicating a smaller, more modestly valued property compared to its peers. This is not a sprawling character home, but a practical and grounded offering.

The appeal lies in the opportunity it presents. For a buyer, you are purchasing location and land potential in a mature community, rather than a finished product with premium square footage. The lot size is a notable asset, offering above-average outdoor space for the city, which could be a draw for gardeners, those seeking privacy, or future expansion. It suits first-time buyers, downsizers, or investors looking for a lower-priced foothold in a well-regarded area without immediate renovation pressure. It’s a property for those who value community and lot size over interior space, and who see potential rather than perfection.

Section 2: Frequently Asked Questions

1. Is this a "fixer-upper" or a move-in ready home?
The data doesn’t specify condition, but the below-average assessed value and living area suggest it is a more modest property. Buyers should budget for a thorough inspection to understand any immediate updates needed versus long-term modernization.

2. Why is the assessed value lower than nearby homes?
The assessed value is consistently below averages at every level (street, area, city), primarily reflecting its smaller size. This is a structural characteristic, not necessarily an indication of poor condition, and is why the price point is more accessible.

3. The lot is larger than average for Winnipeg. What does that mean for me?
A 6,103 sqft lot in the city offers valuable outdoor space. This could mean more privacy, room for landscaping, a larger garden, or potential for additions like a garage, deck, or even a future suite (subject to zoning and permits).

4. How does the recent sold price compare to the assessment?
The home sold for an estimated $300k–$350k in late 2024. This range is reasonably aligned with its $291k assessed value, suggesting the sale was market-appropriate and not an outlier, providing confidence in its current valuation.

5. The home is older. What should I be most concerned about?
Built in 1927, it’s around the average age for Riverview. Key concerns for homes of this era typically include the condition of the foundation, roof, plumbing, electrical systems (e.g., knob-and-tube wiring), and insulation. A specialized inspection is highly recommended.