Property Overview: 125 Riverbend Crescent, Bruce Park, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Bruce Park is defined by its generous, above-average lot size of over 10,000 square feet—a standout feature that places it in the top quarter of properties on its street and the top 11% within the neighbourhood. Built in 1946, the home itself offers a renovated basement and a living area that is comfortably larger than most comparable homes in the area. A detached garage completes the picture. Its appeal lies in the rare combination of a substantial, private yard in a mature neighbourhood with the modern convenience of a finished lower level. The property’s assessed value and recent sale price consistently rank above local averages, suggesting a well-regarded location and solid construction.
This home would best suit buyers who prioritize outdoor space and potential over a brand-new build. It’s ideal for someone looking for a classic neighbourhood feel with room for gardens, play, or future expansion. The renovated basement adds immediate functional living space, making it a practical choice for families or those who enjoy entertaining. A thoughtful perspective is that while the home is older, its above-average metrics in land and living space in a sought-after area represent a foundation of intrinsic value that newer homes on smaller lots often lack.
Frequently Asked Questions
1. What does the "above average" ranking for land area actually mean?
It means this property’s lot size is larger than 74-94% of comparable homes in Winnipeg, and specifically ranks in the top 11% within the Bruce Park neighbourhood. You are getting a significantly larger yard than is typical.
2. The home was built in 1946. What should I consider?
While the structure is sound and the basement has been renovated, an older home means systems like plumbing, electrical, and the roof should be carefully inspected. The character and build quality of the era are benefits, but budgeting for ongoing maintenance is wise.
3. How does the recent sale price compare to the assessed value?
The home sold for $520,000 in August 2023, which is substantially higher than its $46,800 assessed value. It’s important to understand that municipal assessed value for taxes is not a market valuation; the sale price reflects the current market value buyers were willing to pay.
4. What is the neighbourhood (Bruce Park) like?
Bruce Park is a mature, established neighbourhood. The data shows homes here have above-average assessed values city-wide, indicating a stable and desirable area. The specific street, Riverbend Crescent, appears to be a consistent performer within that niche.
5. Is the detached garage a drawback?
This depends on personal preference. A detached garage offers flexibility for a workshop or studio space separate from the house. However, it does mean navigating outdoors to access your vehicle, which can be a consideration during Winnipeg winters.