Property Overview: 3 Riverside Drive E, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition within the desirable Lord Roberts neighbourhood. Built in 1979, it is notably newer than most homes in the area, which could mean fewer concerns with aging infrastructure. With 1,220 sqft of living space, it offers a practical footprint that is manageable yet comfortable.
Its primary appeal lies in its location and value. The property sits on a modest 3,191 sqft lot, which translates to less yard maintenance—a potential benefit for those seeking a low-maintenance lifestyle without sacrificing the prestige of the Riverside Drive address. The assessed value is significantly lower than that of its immediate neighbours, suggesting a potentially lower property tax burden and an entry point into a well-established area.
This home would best suit a first-time buyer, a downsizer, or an investor looking for a foothold in a central, mature neighbourhood. It’s for someone who prioritizes location and a newer build over expansive square footage or a large yard. A thoughtful buyer might see the smaller lot and below-average assessments for the street not as drawbacks, but as opportunities for value appreciation through strategic updates, given the strong surrounding property values.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on the property's specific attributes, including its smaller lot size and living area compared to others on Riverside Drive. This can result in lower property taxes, which is a practical advantage for the buyer.
2. What does "newer build" mean in this context?
Constructed in 1979, this home is decades newer than the typical early-to-mid-20th century houses that dominate Lord Roberts. This often means updated electrical, plumbing, and insulation standards from that era.
3. Is the smaller lot a major disadvantage?
It depends on your lifestyle. The lot is below average for the street but near the city average. It requires less upkeep, which is ideal for those with busy schedules or who prefer not to manage extensive landscaping.
4. How does the sold price history inform the current value?
The home sold for an estimated $250k–$300k in 2019. This historical data provides a benchmark, but current market conditions, any improvements made since then, and the unique value of its newer construction will influence its present market price.
5. What is the neighbourhood like?
Lord Roberts is a central, mature neighbourhood near the Assiniboine River. It features tree-lined streets, character homes, and is close to amenities like parks, schools, and Jubilee Avenue. This property offers a way to access that established community.