Property Overview: 489 Churchill Drive, Riverview, Winnipeg

Key Characteristics & Appeal

This 1946 home on Churchill Drive offers a compelling blend of space, land, and established neighborhood value. Its primary appeal lies in its generous proportions relative to the area. With 1,872 sqft of living space, the home is consistently above average, ranking in the top 14% on its street and within Riverview. The true standout feature is the 8,438 sqft lot, which ranks in an elite top 3% for the Riverview neighborhood, offering exceptional outdoor space potential that is rare for the area.

The property’s assessed value of $514k sits above the neighborhood and city averages, reflecting its larger footprint and desirable lot. While the home is older than most on its specific street, this is characteristic of the mature, tree-lined Riverview community. The home last sold in late 2022 for an estimated $500k-$550k, a price point that performed well above average across the city.

This property would best suit buyers who prioritize lot size and interior space over a newer build. It’s ideal for someone seeking a established neighborhood character, room for gardens or expansion, and a home that offers more square footage than is typical. It represents a solid, value-oriented choice for a growing family or anyone wanting a substantial property in a prime inner-city neighborhood.

Frequently Asked Questions

1. How does the home’s age impact its value and potential?
Built in 1946, the home is older than many on its immediate street but is typical for the wider Riverview area. This suggests a well-established streetscape but also means prospective buyers should budget for potential updates to mechanical systems, windows, or insulation that are common with homes of this era.

2. Is the lot size really that unusual for the area?
Yes. Ranking in the top 3% in Riverview, the lot is a significant asset. It provides ample yard space, which is a growing rarity in mature neighborhoods, and could offer future potential for additions or landscaping features that smaller lots cannot accommodate.

3. The assessed value seems high for the neighborhood. Why?
The assessed value ($514k) is above the Riverview average because the home combines two premium features: significantly above-average living space and an exceptionally large lot. The valuation reflects this combined physical asset, not just the neighborhood postal code.

4. What does the sold price history tell us?
The late-2022 sale in the $500k-$550k range placed it in the top 10-13% of the market at that time. This indicates the property has consistently been perceived as a premium offering within its market segment, likely due to the lot and living space.

5. How does this home compare to others on Churchill Drive?
On its own street, this home offers more living space than average but is on one of the older parcels. Its lot size is roughly average for Churchill Drive, which itself is a street with larger-than-normal lots. This positions the property as a spacious and classic option even among its immediate peers.