Property Overview & Key Characteristics
This two-storey home at 70 Riverside Drive is a modern, substantial property built in 2019. Its primary appeal lies in its combination of generous space, contemporary construction, and a premier lot. With 3,862 sqft of living area on a 13,000 sqft lot, it offers significant room for family living and entertaining. The home features a renovated basement and an attached garage.
The property’s standout feature is its exceptional ranking within its community. It sits in the top tier for lot size, living area, and assessed value not just on its street, but across the entire neighbourhood and city of Winnipeg. This suggests a rare offering of both new-build quality and a prime location in Point Road. The home would suit buyers looking for a move-in ready, modern family home without the wait of new construction, and who value a property with strong statistical standing for both current enjoyment and long-term investment.
A less obvious perspective is the value of its "newness" within an established area. Unlike brand-new subdivisions, this home offers modern systems and layouts while being situated in a mature neighbourhood with character, settled landscaping, and established community dynamics. The data indicates you are purchasing a top-tier property by local metrics, which often correlates with stability and desirability.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The data shows this home’s municipal assessed value is in the top 1% of all properties in Winnipeg and ranks #1 within its immediate neighbourhood. This is a strong indicator of how the property is officially valued relative to others, often reflecting its size, condition, and location.
2. Is the lot size typical for the area?
At 13,000 sqft, the lot is significantly larger than average, ranking in the top 20% on its street and top 2% in the neighbourhood. This provides ample outdoor space that is increasingly rare, especially for a newer home.
3. Who would this home not suit?
Given its size and modern two-storey layout, it may not be ideal for those seeking a single-level bungalow for accessibility reasons or a historic home with original character. It’s a contemporary family home.
4. How does the age of this home compare to nearby properties?
Built in 2019, it is notably newer than most in the area. The comparison listings show many nearby homes were built in the mid-1900s, making this one of the most recent constructions on record in the vicinity.
5. What can the "similar assessed value" listings tell me?
These listings show properties across Winnipeg with a very similar official assessed value. The key takeaway is that to find a similarly valued property, you would be looking in diverse areas across the city, whereas this home offers that value within the specific and sought-after Point Road neighbourhood.