Property Overview: 17 Riverbend Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 17 Riverbend Avenue in Minnetonka presents a balanced, value-oriented opportunity. Built in 1975, it is notably newer than many homes on its own street, offering potential advantages in systems and layout over older counterparts. With 1,226 sqft of living space, the home provides a practical footprint that is comfortably within the average range for the area, suitable for a small family, couple, or downsizer.
The property’s standout feature is its financial profile. Its assessed value ranks above average both on its street and city-wide, suggesting it is viewed favorably relative to its peers. Coupled with a lot size that is above average for Winnipeg, it offers a solid foundation of intrinsic value. The appeal here is grounded in practicality and efficiency—a home that is newer than its immediate neighbors on a decent-sized lot, without a premium price tag for excessive square footage. It would suit a value-conscious buyer looking for a manageable home in a stable neighborhood, potentially a first-time buyer seeking a sensible entry point or an investor attracted by the favorable assessment metrics.
Section 2: Frequently Asked Questions
1. How does the 1975 build year compare to nearby homes?
This home is newer than most on Riverbend Avenue, ranking in the top 10% for its street. The average build year on the street is 1958, so this property may have undergone fewer major renovations or updates than much older homes.
2. Is the assessed value a reliable indicator of the selling price?
While the assessed value is used for property tax calculation and ranks above average here, it is not a direct predictor of market price. The final sale price is determined by current market conditions, the home’s condition, and buyer demand.
3. What does the lot size mean for potential expansion or outdoor space?
At 6,831 sqft, the lot is larger than the Winnipeg city average. This provides generous outdoor space and could offer more flexibility for additions, a garden, or landscaping compared to many city lots.
4. How can I find out the exact historical sale prices?
The provided sale price ranges are based on public data. To obtain the exact sale price from previous transactions, you must request it via email from the listing service, as this information is verified and shared manually.
5. Who might this home not be ideal for?
Given its living area is around or slightly below local averages, buyers needing significant space for a large family or dedicated home offices may find it limiting. Its appeal is more towards efficient living rather than spaciousness.