Property Overview
This well-situated home at 102 Hearthwood Grove in Winnipeg's Riverbend neighborhood presents a solid, mid-sized family option. Built in 1989, it is notably newer than many Winnipeg homes and is one of the newer properties on its own street. With 1,098 sqft of living space and a 4,335 sqft lot, its size is comfortably average for the immediate area, though slightly more compact compared to the broader neighborhood. Its assessed value of $398k sits above the street average, indicating it is a higher-valued home on its block, while being generally in line with city and area benchmarks.
Key Characteristics & Appeal
The primary appeal of this property lies in its established neighborhood setting and its relative modernity within the local context. Being newer than most city homes and ranking in the top 5% for year built on its street suggests potentially fewer concerns with major aging components compared to older stock. Its above-average assessed value for the street often correlates with better upkeep or desirable features.
It suits buyers looking for a manageable, turnkey home in a mature community without the larger footprint and maintenance of a bigger lot. It’s a practical choice for first-time homeowners, small families, or downsizers who prioritize a newer build date in a settled area over maximizing square footage. A thoughtful perspective is that while the living area is modest, the above-street-average valuation could reflect intangible qualities like a premium lot location, excellent condition, or desirable upgrades not captured in raw metrics.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,098 sqft, the living area is very close to the average for Hearthwood Grove (1,126 sqft) but is below the Riverbend neighborhood average. It’s a comfortably average-sized home for its immediate street.
2. What does the assessed value tell us?
The $398k assessment is above the average for Hearthwood Grove, meaning this property is valued higher than most on its block. This often reflects factors like condition, updates, or a favorable lot. It sits around average for both the neighborhood and the city overall.
3. Is the home newer or older than surrounding properties?
Built in 1989, it is newer than the average Winnipeg home (1966) and is actually one of the newest houses on Hearthwood Grove, ranking in the top 5% for year built on the street.
4. What was the previous sale price?
Records show it last sold between February 2016 for a price in the range of CA$250,000–$300,000. Exact sold prices require a manual lookup request through the site.
5. How does the lot size affect the property?
The 4,335 sqft lot is slightly smaller than the street average but is fairly typical for the Riverbend area. It offers a manageable outdoor space without extensive upkeep demands.