Property Overview
This 1947 home at 159 Riverbend Crescent in Winnipeg's Bruce Park neighborhood presents a specific value proposition. Its key characteristic is its compact size, with a living area of 704 sqft that is notably smaller than most homes on its street and in the wider city. This results in a correspondingly lower assessed value of $284k, which sits below the street and city averages but is closer to the middle range for the Bruce Park area. The lot size of 5,371 sqft is fairly typical for the neighborhood. The home’s appeal lies in its potential as an affordable entry point into a well-established area, offering the possibility of a lower-maintenance lifestyle due to its smaller footprint. It would likely suit first-time buyers, downsizers, or investors seeking a rental property, provided their space needs are modest. A thoughtful perspective is that this property represents the "starter home" profile on a street of larger, potentially more valuable homes, which could be a long-term advantage for property value if the area remains desirable.
Frequently Asked Questions
1. Why is the assessed value lower than the street average?
The primary reason is the home's significantly smaller living area (704 sqft vs. a street average of 1,331 sqft). Assessed value is heavily influenced by the size and characteristics of the property relative to its neighbors.
2. What does the ranking data actually tell me?
The rankings compare this home to similar properties in three scopes: its immediate street, the Bruce Park neighborhood, and all of Winnipeg. For example, being in the "Top 96%" for living area city-wide means 96% of comparable Winnipeg homes are larger—it's a ranking of size, not overall quality.
3. Is the lot size a positive feature?
While the lot is smaller than others on Riverbend Crescent, it is around the neighborhood and city average. This could be seen as a balance: it provides outdoor space without the extensive maintenance of a much larger yard.
4. How can I find out the actual sales history for this property?
The sales history is not publicly displayed on this site due to data source rules. You can request the exact sales figures by email using the "Request exact figures by email" option provided; the team will manually look up and send the information.
5. The home was built in 1947. What should I consider?
While older than the street average, it's actually newer than the average home in Bruce Park. This suggests the neighborhood has many well-maintained, character homes from this era. A pre-purchase inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems.