Property Overview: 136 Reiny Drive, River East, Winnipeg
Key Characteristics & Appeal
This well-situated home on Reiny Drive presents a solid, above-average offering in Winnipeg's River East neighborhood. Its primary strengths are its modern build year and spacious interior relative to local and city-wide averages. Built in 1984, it is notably newer than most comparable homes on its street and in the broader area, which often translates to updated building systems and potentially less immediate need for major retrofits. With 1,559 sqft of living space, the home provides more room than the typical Winnipeg house, ranking comfortably in the top 30% both locally and city-wide.
The assessed value of $440k is consistently above average for the street, neighborhood, and city, indicating official recognition of its premium characteristics. A thoughtful perspective for buyers is the trade-off present: while the house itself is newer and larger than benchmarks, the lot size of 5,409 sqft is the smallest on Reiny Drive and below the neighborhood average. This suggests a property where the value is concentrated in the dwelling itself, ideal for those who prioritize interior space over extensive yard maintenance. It last sold between $400k-$450k in mid-2021.
This property would best suit practical buyers looking for a move-in-ready, spacious home in an established neighborhood, who value a newer construction date and are comfortable with a standard-sized or smaller yard. It’s a strong option for families or professionals seeking above-average interior space without venturing into the premium estate market.
Frequently Asked Questions
1. Is the house actually bigger and newer than most in Winnipeg?
Yes. The data shows its living area and build year consistently rank in the top 30% or higher when compared to similar homes across Winnipeg, and even more favorably within its immediate River East neighborhood.
2. Why is the lot size mentioned as a consideration?
While the house is above average, the lot is the smallest among the 56 comparable properties on Reiny Drive and below the neighborhood average. This isn't necessarily a drawback, but it clarifies that the property's appeal is centered on the home itself rather than expansive outdoor space.
3. What does the assessed value tell me?
The $440k assessment is above the calculated averages for the street, area, and city. This is a formal valuation for tax purposes and generally reflects that the municipality views the property as being of higher value than many of its peers, likely due to its size and newer build.
4. How does this property compare to its direct neighbors?
The home stands out on its street for being much newer (ranked #2 out of 56 for year built) and having a higher assessed value. However, lots on Reiny Drive are generally larger, so this home offers a different balance of indoor vs. outdoor space.
5. Where can I get the exact historical sale price?
The provided sold price is an estimated range. Due to industry regulations, exact sale figures are not published automatically. You can request the precise sale history via email through the site’s provided form for a manual lookup.