Property Overview
This two-storey home at 132 Riverbend Crescent in Winnipeg's Bruce Park neighbourhood presents a blend of established character and modern updates. Built in 1946, it sits on a 7,000 sqft lot that is notably spacious for the city, offering above-average outdoor space. The 1,725 sqft living area is also generous compared to most local homes. Key features include an attached garage and a renovated basement. The home last sold in November 2021 for $510,000, a price point that was above average for the area at the time, reflecting its desirability.
Its appeal lies in its balance: it's an older home with updated living spaces, situated on a larger, private lot within a mature neighbourhood. It would suit buyers looking for a character home with room to breathe, who value the stability and established greenery of Bruce Park over a brand-new subdivision. It’s a practical choice for someone who wants a renovated basement ready for use, without needing to undertake a major structural project.
Frequently Asked Questions
How does the lot size compare practically?
At 7,000 sqft, the lot is larger than over 80% of homes in Winnipeg. This means more privacy, gardening space, and room for outdoor activities compared to the standard city lot.
Is the 1946 build date a concern?
While older than many homes on its street, it is actually around the average age for the Bruce Park neighbourhood. The renovated basement suggests some key systems have been updated, but a thorough inspection is always recommended for a home of this era.
The assessed value seems low compared to the last sale price. Why?
Municipal assessed value (currently $47,800) is for tax purposes and often lags behind the current market. The 2021 sale at $510,000 is a more accurate reflection of its recent market value.
What does "above average" for living area mean here?
With 1,725 sqft of living space, this home is larger than approximately 80% of comparable homes in Winnipeg, offering more room than typical for its style.
How does this home fit within its immediate area?
The data shows it ranks highly on its own street for living space and assessed value. While the lot is around average for Riverbend Crescent, it's still a premium size city-wide, indicating a street of desirable, well-spaced properties.