Property Overview
This home at 111 Peter Herner Bay in Winnipeg's Riverbend neighborhood presents a solid, above-average offering within its immediate market. Built in 2001, the 1,471 sqft property sits on a 4,436 sqft lot. Its key appeal lies in its strong positional value within the community, boasting an assessed value that places it consistently above area and city averages. The home last sold in May 2022 for between $550,000 and $600,000.
Key Characteristics & Appeal
The primary strength of this property is its financial standing within the Riverbend neighborhood. With an assessed value of $484,000, it ranks in the top 13% of the area, indicating it is considered a higher-value home in a desirable locale. The living space is also above the neighborhood average, offering more room than many nearby homes. While the lot size is slightly smaller than some neighbors, the home itself is a well-sized, modern build compared to Winnipeg's older housing stock.
Its appeal is grounded in offering a balanced, low-drama investment. It's not the largest or newest on its street, but it consistently performs better than average in its immediate community—a sign of a stable and valued property. This home would suit buyers looking for a move-in-ready family home in an established neighborhood, particularly those who prioritize a strong assessment value and above-average interior space over a sprawling yard. It’s also a sensible fit for value-conscious buyers who want a home that already stands above the local median, potentially offering a degree of insulation from market dips.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value is above average for its street, neighborhood, and city-wide. It ranks 14th out of 60 on Peter Herner Bay and in the top 13% within Riverbend, signaling it is a premium property within its immediate area.
2. When was it last sold, and for how much?
This property was last sold in May 2022. The public price range is between $550,000 and $600,000, which placed it in the top 3% of sale prices for the Riverbend area at that time.
3. Is the lot size a disadvantage?
The lot is slightly smaller than the street and neighborhood averages. However, this is balanced by the above-average living area of the home itself. It offers standard suburban outdoor space rather than an exceptionally large yard.
4. What is the neighborhood context for this property?
Located in Riverbend, the home is surrounded by similar properties built around the turn of the millennium. The data suggests the neighborhood consists of well-maintained, modern homes with consistently higher-than-city-average values.
5. How can I verify the exact historical sale price?
The site provides sold price ranges based on public data. To obtain the exact sale figure and full transaction history, you must request a manual lookup via email, as this information is not sourced from the MLS system.