Property Overview: 106 Pinetree Crescent, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1990-built home on a generous 5,276 sqft lot presents a compelling mix of value and established community living. With 1,082 sqft of living space, the house itself is more compact than many on its street and in the Riverbend neighborhood, but this is balanced by an assessed value ($414k) that sits above the immediate street average. This suggests the property’s overall package—likely including its lot size, condition, and location—holds its value well within its micro-market.
Its primary appeal lies in being a solid, entry-point home in a mature area. It suits first-time buyers or downsizers seeking a manageable footprint without sacrificing outdoor space, and value-focused buyers who prioritize a larger lot and a stable assessment over maximum square footage. A thoughtful perspective is that while the home’s size is below local averages, its above-average assessment for the street indicates it may already have seen updates or possesses intangible qualities that are recognized in its valuation, offering a move-in-ready proposition rather than a pure fixer-upper.
Frequently Asked Questions
1. Is the living area too small compared to other homes nearby?
While the living area is below the average for both Pinetree Crescent and the wider Riverbend area, it is closer to the Winnipeg citywide average. This indicates a more compact, efficient layout that may appeal to those seeking lower maintenance and utility costs.
2. Why is the assessed value above the street average if the house is smaller?
Assessment considers multiple factors beyond size, including lot value, property condition, updates, and market positioning. The above-average assessment here suggests the property is viewed favorably relative to its direct neighbors, potentially due to its lot, upgrades, or overall condition.
3. How does the 1990 build year compare?
Built in 1990, the home is newer than the average Winnipeg house and is typical for its street and neighborhood. This era of construction often balances modern standards (like updated electrical systems) with established neighborhood character.
4. What does the sold price history indicate?
Records show it last sold between $400k-$450k in mid-2021. This past sale price performed in the top 25% of the neighborhood at the time, reinforcing a history of strong value retention in its market segment.
5. How can I verify the exact historical sold prices?
The provided sold price is a range from public records. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as MLS data is not displayed directly here due to industry rules.