Property Overview: 94 Riverbend Avenue, Winnipeg
Key Characteristics & Appeal
This home on Riverbend Avenue in Minnetonka presents a compelling case for buyers who prioritize space and land over a recently built property. Its standout feature is the generous 11,663 sqft lot, which ranks in the top 4% city-wide, offering exceptional outdoor potential for gardening, recreation, or future expansion. The 1,782 sqft living area is also notably above average for its street, neighborhood, and the city, providing ample interior space.
The appeal lies in this unique combination: a house with above-average square footage on a lot that is truly elite in size for Winnipeg. This creates a rare opportunity in the market. However, the home is older, built in 1964, which is newer than many on its street but older than most in the broader Minnetonka area. Its assessed value is consistently around the median across all comparison levels, suggesting it is viewed as fairly typical by the assessor, not as a premium-priced property.
This property would best suit a practical buyer who sees value in land and space, and who is either comfortable with the character and potential maintenance of a 60-year-old home or is planning a significant renovation. It’s ideal for someone looking for a long-term family home with room to grow, or for a buyer who values privacy and yard size more than modern finishes.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes, significantly. The lot is in the top 9% in Minnetonka and the top 4% city-wide. This much land is uncommon and offers privacy, space for additions like a garage or workshop, and large outdoor living areas.
2. The home is older. What should I consider?
Built in 1964, the home’s systems (roof, plumbing, electrical, HVAC) may be at or beyond their typical lifespan. A thorough inspection is crucial. The upside is that homes of this era often have solid construction and simpler, more open layouts that are easier to renovate.
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. This home’s assessed value is around the median for its area. The last known sale was between 2016-2025 in the $300k-$350k range. The current market price will depend on condition, updates, and market demand.
4. The living area is above average, but how does the layout feel?
While the square footage is generous, the flow and room sizes in a 1960s layout may differ from a modern open-concept home. Considering how the space is divided and whether it fits your lifestyle is as important as the total square footage.
5. What is the neighborhood context?
The data shows that on Riverbend Avenue itself, this home has a larger living area and lot than most neighbors, but is of a similar age and assessed value. This suggests a stable, established street without extreme variation between homes, which can be positive for long-term value.