Property Overview
21 Riverbend Avenue is a 1,008 sqft bungalow built in 1955, situated on a 6,832 sqft lot in Winnipeg's Minnetonka neighbourhood. Its key characteristics present a mix of modest home size with a notably generous lot, especially when viewed in a city-wide context. The home's assessed value is positioned as average for its immediate street but below average within the broader Minnetonka area.
The primary appeal of this property lies in its land potential. While the living space is compact compared to area averages, the lot size ranks in the top 18% city-wide, offering valuable outdoor space and future expansion possibilities rare for many urban lots. This setup is ideal for a practical buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values a larger yard over a large interior footprint and is comfortable with a home that may require updates reflective of its era. It suits someone looking for a foothold in a established neighbourhood with the long-term asset of a substantial plot.
A less obvious perspective is the value of its "average" assessment on its street. This suggests the home is not an outlier, potentially offering more predictable property taxes and a stable entry point into the area without the premium of a fully renovated property. Its last known sale was between 2017 for $250k-$300k, providing a historical benchmark for value.
Frequently Asked Questions
1. How does the home's size compare to others?
At 1,008 sqft, the living area is below the average for Minnetonka (1,439 sqft) and for the city overall. It is a compact, single-level layout.
2. What is significant about the lot size?
The 6,832 sqft lot is a standout feature. It is larger than the average city lot and ranks in the top 18% in Winnipeg, offering ample outdoor space.
3. Is the assessed value high for the area?
The assessed value of $32,500 is around average for Riverbend Avenue itself but is below the Minnetonka neighbourhood average of $45,800.
4. What should I consider about the home's age?
Built in 1955, the home is older than most in Minnetonka. Buyers should budget for potential updates to systems, insulation, or windows common for homes of this vintage.
5. How can I find out the exact past sale price?
The provided sale history shows a range. For the precise sold price, you can request it via email from the listing service, which manually provides the data.