Property Overview: 115-230 Bonner Avenue, River East, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of modern convenience and solid value within Winnipeg's River East neighborhood. Its primary appeal lies in its relative newness, being built in 2016. This makes it a standout on its street and in the wider area, where most comparable homes are decades older. For buyers, this translates to potentially lower maintenance costs, modern building standards, and updated systems.
At 1,178 square feet, the living space is practical and sits comfortably above the Winnipeg average, offering more room than many city homes. The assessed value of $342,000 is notably above the citywide average, yet it remains in line with the local neighborhood and street, suggesting the price reflects the area's established desirability rather than an outlier premium.
This property would suit first-time buyers or downsizers seeking a move-in-ready home without the uncertainties of an older property. It’s also a sensible choice for value-conscious buyers who appreciate that its modern build year offers a rare advantage on a street of mostly older homes, providing a balance between contemporary living and community stability.
Frequently Asked Questions
1. How does this home’s size and value compare to its immediate neighbors?
The home is very typical for Bonner Avenue in both living area and assessed value, ranking near the middle of the pack on its own street. Its standout feature is its age, not its size or price relative to the direct neighborhood.
2. What does the "Above Average" citywide ranking for value actually mean?
While the assessed value is above the Winnipeg average, it’s important to note this is compared to all similar homes city-wide. In its own River East neighborhood, the value is around average. This indicates you are paying for a specific, well-regarded location within the city, not just square footage.
3. The sold price history shows a range. How can I get the exact figure?
The displayed price ranges are derived from public data. To obtain the exact historical sold prices, you must request a manual lookup via email from the site, as they do not have access to MLS transaction records.
4. Given it was built in 2016, are there any potential drawbacks to a newer home in an older area?
While newer construction is a major benefit, it’s wise to consider the architectural and lot-size character of the existing neighborhood. Ensure the home’s style and footprint align with your expectations for the community feel of River East.
5. The listing mentions several units with the same "230 Bonner Avenue" address. What is this property?
The address format (115-230 Bonner Avenue) and the proximity of units like 113-230 and 114-230 suggest this is likely a condominium or townhouse unit within a larger complex or subdivided building, not a standalone single-family home.