Property Summary: 152 Riverbend Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, one-and-a-half storey home in Bruce Park, built in 1947. Its key feature is a renovated basement, adding valuable finished space to the 1,169 sqft main living area. The home sits on a 5,471 sqft lot, which is notably spacious for its immediate street but aligns more closely with the average for the wider neighbourhood and city.
The appeal here is grounded in value and potential. With a historically low assessed value relative to its street and the city, and a last sale price well below area averages, it presents an accessible entry point into the market. This isn't a large or modernized showpiece; instead, it suits practical buyers looking for a solid, character home in a mature neighbourhood without a premium price tag. It would particularly suit a first-time buyer, an investor, or someone seeking a manageable footprint with the benefit of already-updated basement space. The lot size offers a nice balance—enough room for gardening or leisure without being burdensome to maintain.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal, rentable suite. Buyers should verify its compliance with local codes and zoning if considering rental income.
2. How does the lack of a garage affect parking and storage?
The property has no garage. This means all parking is on-street or driveway, and storage solutions will need to be creative, factoring in the basement renovation's current layout.
3. The home is older—what should I budget for updates?
Built in 1947, major systems like roof, plumbing, and electrical may be due for inspection or updates, even with a renovated basement. An inspection is crucial to budget for modernizations.
4. The assessed value seems low. What does that mean for property taxes?
Yes, the assessed value is below averages for the street and city. This typically translates to lower municipal property taxes, which is a financial positive for the owner.
5. How does the lot size compare practically?
While the lot is smaller than others on Riverbend Crescent, it is still a generous city lot. It offers more private outdoor space than many newer infill properties, just not as much as its largest neighbours.