Property Overview: 11 Lochspur Lane, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1,245 sqft home, built in 1987, sits on a 5,093 sqft lot in Winnipeg's Riverbend neighborhood. Its primary appeal lies in its strong value proposition and established setting. The home's assessed value of $447k is consistently above average—ranking higher than roughly 70% of comparable homes on its street, in the neighborhood, and across the city. This suggests it is viewed as a solid asset within its market tier.
While the living and land space are average or slightly below average for the immediate area, the home is one of the original builds on its street, offering a sense of maturity. It last sold between 2017-2019 for an estimated $250k-$300k, indicating significant equity growth since that time.
This property would suit a practical buyer looking for a stable, move-in-ready home in a well-established area without paying a premium for maximum square footage. It’s a sensible choice for those who prioritize financial fundamentals like assessed value growth over having the largest house on the block. The data suggests it represents a reliable, middle-ground option in the Winnipeg market.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is not an appraisal. However, the fact that it ranks consistently above average across street, neighborhood, and city comparisons indicates the property is considered above-average in its tax class, which can be a positive market signal.
2. How does the home's size compare to others nearby?
At 1,245 sqft, the living area is slightly below the average for Lochspur Lane but is very close to the averages for both the wider Riverbend neighborhood and the city of Winnipeg. You are getting a typically-sized Winnipeg home, just on a street with some larger comparables.
3. The home was built in 1987. What does that imply?
Built in 1987, this is one of the older homes on its street, which can mean more established landscaping and neighborhood character. Buyers should factor in the potential for updates to major aging components like the roof, windows, or HVAC system, common for homes of this era.
4. What does the sold price history from 2017 tell us?
The previous sale in the $250k-$300k range shows substantial growth in its assessed value over approximately 7-8 years. This historical gain is noteworthy, but past performance does not guarantee future results.
5. How can I find out the exact past sold prices?
The website does not display exact sold prices due to data source restrictions. You can request the exact sold price history by emailing the site directly for a manual lookup, which they provide as a free service.