Property score
72.5
Good
Overall 72.5 · Larger but older than most nearby homes
1,612 sqft (top 20%) · Built in 1921 (17 yrs older than avg)
Located in a above-average income area with median household income of ~84k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 10 dining spots, 1 school, 3 healthcare facilitys, and 1 shop nearby
Living Area
Above average
23% larger than neighborhood avg.
Year Built
Below average
17 yrs older than neighborhood avg.
Mother tongue
English · 93%French · 2%
Past 10 years Riverview sales snapshot (~80% of all data)
470
405k
$308/sqft
1938
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72.5 is composed by the two sections below.
Property Score
Community Score
Riverview
How to read: Share of sales in each ~$50k price band for “riverview” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110459
$84K
Median household income
$106K
Average household income
11%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.2
P90 / P10 ratio
40%
Single-person households
23%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
345 Balfour Avenue — 24 amenities found within 500 m, across 8 categories, including 10 dining (nearest 158 m), 1 education (nearest 458 m), 3 healthcare (nearest 207 m).
Riverview · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -96%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 20% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 345 Balfour Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1921 home in Riverview presents a distinct value proposition. Its key characteristic is a notable imbalance between its physical attributes and its assessed value. The living space (1,612 sq ft) is comfortably above average for the street, neighborhood, and city, and it sits on a generous lot that is well above the neighborhood norm. However, its assessed value of $246k is significantly below local averages, ranking it near the bottom of the street. This suggests a property that may require modernization or investment but offers substantial square footage and land for the price.
Its appeal lies in its potential. For a buyer willing to undertake renovations, it represents an opportunity to add value in a desirable area. The lot size is a particular asset, offering space for gardens, expansion, or outdoor living that is less common in the neighborhood. It would suit practical, value-conscious buyers such as renovators, investors looking for a property with clear upside, or families prioritizing interior and yard space over a move-in-ready condition. It’s less suited for those seeking a fully updated home without project work.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
This is typically due to the home’s condition, features, and recent market activity compared to nearby properties. A lower assessment often reflects a need for updates or repairs that neighboring homes may have already addressed.
2. What does the sold price range (CA$250k–300k) indicate?
The recent sale in this range, well below the area's average assessed values, confirms the market priced the home according to its current state. It solidifies its status as a value-priced entry point into the neighborhood.
3. Are there concerns with a home built in 1921?
While offering classic charm and solid construction, a home of this age will likely have older systems (like plumbing, wiring, or heating). A thorough inspection is essential to understand the scope and priority of any updates needed.
4. How does the lot size benefit a buyer?
At over 6,300 sq ft, the lot is larger than most in Riverview. This provides more private outdoor space, better potential for landscaping, and possible future options like adding a garage or deck that might not be feasible on a standard lot.
5. Where can I get exact historical sale prices?
The provided sold price is an estimated range from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.
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