Property Overview: 124 Glencairn Road, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling proposition centered on its exceptional lot size. At nearly 12,000 square feet, the property offers an "elite" level of outdoor space, ranking in the top 3% on its street and top 1% in the Riverbend neighborhood. This is its most distinctive feature, providing rare potential for expansion, gardening, recreation, or simply enjoying generous privacy in a mature area.
Beyond the land, the home itself is solidly above average. Its 1,550 sqft living area is comfortably larger than most local comparables, and its current assessed value of $476k sits well above neighborhood and city averages, suggesting a premium valuation. Built in 1996, it is a relatively modern structure compared to the Winnipeg average, likely meaning fewer major age-related concerns.
The appeal lies in this combination of a spacious, modern-enough home on a truly standout parcel of land. It suits buyers who prioritize outdoor space and future potential over a brand-new build. It would be ideal for a family seeking room to grow, someone wanting a large garden or workshop, or a buyer who sees long-term value in owning one of the largest lots in a desirable neighborhood like Riverbend. A less obvious perspective is that such a large lot in an established area could represent a future opportunity, whether for personal enjoyment or as a key asset in the property's long-term value.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $476k is for municipal tax purposes and is a strong data point, indicating the home is valued well above area averages. However, the final sale price will be determined by the current market. The last known sale was between $450k-$500k in mid-2021.
2. What does the "elite" lot ranking practically mean for me?
It means you are getting significantly more land than is typical. Compared to the neighborhood average lot of about 5,255 sqft, this property offers more than double that space. This allows for greater distance from neighbors, more landscaping options, and potentially the space to add structures like a large shed, garage, or deck.
3. Is the 1996 build date a concern?
While not a new build, a 1996 home is newer than the typical Winnipeg house (citywide average year built is 1966). Major systems like the roof, furnace, and windows may be reaching or have passed their typical lifespans, so a thorough inspection is advised, but you are less likely to encounter some of the foundational or material issues found in much older homes.
4. Can I see the exact historical sale prices?
The site provides sold price ranges for context. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.
5. The living area is above average, but not elite. Is the house itself spacious enough?
At 1,550 sqft, the home is larger than approximately 80% of comparable properties in Riverbend. It offers comfortable, above-average interior space. The unique value here is how that comfortable interior is paired with an exceptionally large yard, rather than the home itself being unusually massive.