Property Overview: 114 Hearthwood Grove, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1988-built home in Riverbend presents a practical and competitively positioned offering. With 1,036 sqft of living space, it is modestly sized compared to its immediate street and neighborhood, yet it aligns closely with the Winnipeg city-wide average. Its assessed value of $357k sits comfortably around the city average and is notably below the Riverbend neighborhood average, suggesting a potentially more accessible entry point into the area.
The appeal lies in its balance and efficiency. The home is newer than most in Winnipeg, offering modern construction basics without the premium of a brand-new build. While the lot size is smaller than average, this can translate to lower maintenance, appealing to those seeking a manageable yard. It suits first-time buyers, downsizers, or investors looking for a straightforward property in a stable neighborhood without overextending. A thoughtful perspective is that its "average" metrics city-wide, combined with a below-average price for Riverbend, indicate it may offer better relative value within its specific community than the raw numbers suggest.
Frequently Asked Questions
1. How does this home's value compare to recent sales?
The property last sold between $300k-$350k in August 2020. Its current assessed value of $357k is around the city-wide average. For verified, exact historical sale prices, you can request a manual lookup via email.
2. Is the living space significantly smaller than neighboring homes?
Yes, at 1,036 sqft, it is below the average for both Hearthwood Grove (1,126 sqft) and the wider Riverbend area (1,288 sqft). This indicates a more compact, efficient layout.
3. What does the year built tell us about the property?
Built in 1988, the home is newer than 76% of comparable properties across Winnipeg, which is a positive for foundational elements like wiring and plumbing. On its street, it's one of the newer homes.
4. How does the lot size impact the property?
The 4,196 sqft lot is smaller than most on the street and in the city. This means less outdoor maintenance but also less private space, which is a key consideration for families or gardening enthusiasts.
5. Where can I see how this property compares visually to its neighbors?
You can open the dedicated neighbourhood analysis page to view this property on a map alongside nearby homes, comparing year built, living area, value, and lot size in detail.