Property Overview: 10 Vince Leah Drive, Winnipeg
Key Characteristics & Buyer Appeal
This 915 sqft bungalow in Riverbend, built in 1987, presents a specific value proposition. Its key characteristic is its position as a more modest and affordable entry point within its immediate area. The home's assessed value of $348k is notably below the local street and neighborhood averages (around $410k), yet it sits close to the citywide average. Similarly, its living area is smaller than most comparable homes on its street and in Riverbend. However, it sits on a reasonably sized, average lot for the area (5,166 sqft).
The primary appeal lies in its affordability within a desirable neighborhood. It suits first-time buyers, downsizers, or investors seeking a lower-cost foothold in Riverbend without the premium for larger square footage. A thoughtful perspective is that while the home itself is below area averages, its lot offers standard development potential, and its citywide "above average" year built suggests a relatively newer structure compared to much of Winnipeg's housing stock. This is a practical choice for those prioritizing location and land over interior size, who see value in the neighborhood itself and are comfortable with a cozier living space.
Frequently Asked Questions
1. Is this a good value for the area?
Based on assessed value, it is priced below the local averages for both Vince Leah Drive and the wider Riverbend neighborhood, suggesting a more affordable entry point. Value will depend on the home's condition and your need for interior space versus land and location.
2. Why is the living area smaller than nearby homes?
The data confirms this home's living area is below the street and neighborhood averages. It is a more compact bungalow plan compared to many other homes in the immediate vicinity, which is a key factor in its lower assessment.
3. How current is the sold price data shown?
The last recorded sale was in September 2016. The site offers to provide exact sold price figures via email upon request, as they do not display MLS data directly.
4. What does the "above average" year built mean citywide?
While the home is slightly older than its nearest neighbors, its 1987 build date is newer than the citywide average (1966) for comparable homes. This indicates it may have newer building materials and systems than many Winnipeg homes.
5. How does the lot size compare?
The lot is approximately 5,166 sqft, which is around the average for both the street and the Riverbend neighborhood, but slightly below the citywide average. It is a standard residential lot for the area.