Property Overview: 10 Hearthwood Grove, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1,079 sqft bungalow, built in 1988, presents a solid, middle-of-the-road offering in the established Riverbend neighborhood. Its primary appeal lies in its balance and stability rather than standout luxury. The home sits on a slightly larger-than-average lot for its street (4,916 sqft), offering good outdoor space potential. With an assessed value of $395,000, it aligns closely with city-wide averages, suggesting a fair market positioning without an excessive premium for its location.
The property is well-suited for first-time buyers, downsizers, or pragmatic investors seeking a manageable footprint in a mature community. Its appeal is grounded in being a "known quantity": it's newer than many Winnipeg homes, requires less immediate updating than much older stock, and its metrics consistently hover around local averages, indicating lower risk of overpaying relative to the immediate area. A thoughtful perspective is that this home represents the core of the neighborhood's housing fabric—it's not the largest or most valuable on the block, but it is a quintessential part of a stable, established streetscape, which can be a virtue for long-term consistency.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,079 sqft, the living area is slightly below the Riverbend neighborhood average but is very close to the average for Hearthwood Grove itself. It represents a comfortable, mid-range size for the area.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $395,000 is a municipal valuation for tax purposes. It serves as a useful benchmark, showing the home is priced within the central range for the street, neighborhood, and city. Market conditions, property condition, and recent upgrades will ultimately determine the sale price.
3. What does the year built (1988) indicate about the home?
Built in 1988, this home is newer than the average Winnipeg house and is among the newer homes on Hearthwood Grove. Buyers can expect construction standards and home systems (like wiring and plumbing) from the late 1980s, which may require updates but are generally more modern than those in much older homes.
4. How can I find out the exact price it last sold for?
The listing shows it sold between $300,000-$350,000 in September 2017. Due to data display rules, exact historical sale prices are provided manually upon request via email through the site's service.
5. What are the immediate neighboring properties like?
The provided data shows nearby homes on Hearthwood Grove and adjacent streets with a mix of sizes and values, from a 850 sqft home to a 2,006 sqft home. This suggests a varied but primarily residential streetscape with no extreme outliers, supporting the character of a diverse, established neighborhood.