Property Overview: 106 Riverwest Road, Winnipeg
Key Characteristics & Buyer Appeal
This home at 106 Riverwest Road in Riverbend presents a practical and competitively positioned offering. Built in 1999, it is newer than most homes on its street and across Winnipeg, suggesting potentially lower maintenance needs and more modern building standards. With 1,083 sqft of living space, it is a compact home, smaller than most direct neighbors but closer to the citywide average, appealing to those seeking efficient, manageable space. The assessed value of $413k is consistently around average for the area, indicating a fair market positioning without a premium price tag.
The appeal lies in its balance and value. It offers a newer build in an established neighborhood without commanding a top-tier price. The lot size, while smaller than some on the street, is typical for Riverbend. This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home in a stable area. It’s a sensible choice for those prioritizing a solid, newer structure over sheer square footage, and who find value in a home that is statistically average in price for its locale, avoiding the premiums of the largest homes on the block.
Frequently Asked Questions
1. Is this home smaller than others in the area?
Yes. At 1,083 sqft, the living area is below the average for both Riverwest Road and the broader Riverbend neighborhood, but it is much closer to the average for the entire city of Winnipeg.
2. How does its assessed value compare?
The $413,000 assessment is very close to the neighborhood average and is actually above the citywide average. On its own street, it ranks in the middle of the pack, indicating it is priced consistently with its immediate neighbors.
3. What is the advantage of the 1999 build year?
Built in 1999, this home is newer than over 80% of comparable homes across Winnipeg and is one of the newest on its street. This often translates to newer major systems (like roofing, wiring, or plumbing) and may align with more contemporary layouts and energy efficiency standards.
4. Can I get the exact past sale price?
The provided data shows a sold price range of $400k-$450k for October 2023. Due to data display rules, exact sold prices are not published on the site but can be requested directly via email from the provider for verification.
5. What are the less obvious points to consider?
While the home is smaller than its street neighbors, its value assessment is on par with them, suggesting the lot location and newer construction help balance the scale. Also, its lot size is typical for the neighborhood but smaller than the Winnipeg average, which may mean less yard upkeep—a potential plus for some buyers.