281 Bonner Avenue

Property Overview: 281 Bonner Avenue, Winnipeg

Key Characteristics & Appeal

This well-situated River East home presents a compelling mix of modern convenience and established neighborhood character. Built in 1994, it is notably newer than most homes in the area, which typically date to the 1970s. This suggests potentially fewer concerns with major aging systems and outdated materials. The living space (1,734 sqft) is comfortably above average for Winnipeg, offering more room than many comparable city homes.

The appeal lies in its strong positioning relative to its peers. Its assessed value ranks in the top 12% on its own street and top 11% in River East, indicating it is perceived as a premium property within its immediate context. This, combined with its modern build year, points to a home that has likely been maintained to a good standard. The lot, while smaller than others on Bonner Avenue, is close to the citywide average, offering manageable outdoor space without excessive upkeep.

This property would suit buyers looking for a move-in-ready home in a mature neighborhood who value a more contemporary construction year. It’s ideal for those who prioritize interior space and modern infrastructure over a very large yard. The strong assessed value ranking makes it a sensible choice for buyers focused on long-term value retention in a stable community.

Frequently Asked Questions

How does the lot size impact this property?
While the land area is smaller than most on Bonner Avenue, it is near the Winnipeg average. This translates to less yard maintenance but also less private outdoor space. The trade-off is a home with above-average interior square footage on a manageable plot.

What does the "Elite" ranking for its year built mean?
In the River East neighborhood, a 1994 build year is in the top 3%. This is a significant advantage, meaning major components like roofing, windows, and electrical systems are likely decades newer than those in surrounding homes, potentially reducing near-term repair costs.

The sold price is listed as a range. How can I get the exact figure?
The site provides sold price ranges publicly. To obtain the exact sale price and full transaction history, you must request it directly via email from the service, as they manually look up non-MLS records.

Is the assessed value a reliable indicator of the sale price?
The assessed value ($500k) is a municipal tax valuation. The home sold for between $550k-$600k in mid-2024, which followed its "above average" assessment ranking. This indicates the market price aligned with its premium positioning relative to area homes.

How does this home compare to others on the same street?
It stands out for being newer and having a higher assessed value per square foot. However, it sits on a smaller parcel. Compared to the street average, you are buying a more modern, potentially higher-quality home on a more compact lot.