Property Summary: 150 Peter Herner Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 150 Peter Herner Bay in the Riverbend neighbourhood presents a strong, above-average offering in several key areas. Built in 2002, it is newer than most Winnipeg homes and sits on a lot that is larger than most on its own street. With 1,500 sqft of living space, it provides more room than the typical home in both Riverbend and the city overall.
The primary appeal lies in its consistent ranking as a top-tier property from a value perspective. Its assessed value of $511k places it in the top 8% of its street and top 6% of its neighbourhood, indicating it is considered a premium home within its immediate area. This suggests well-maintained condition, desirable finishes, or a favourable location on the bay. The sold price from 2024 further confirms its position in the upper market segment for the area.
This property would best suit buyers looking for a move-in ready, modern home in a stable neighbourhood, who value space and are comfortable with an investment at the higher end of the local price spectrum. It’s ideal for someone seeking a home that stands out in its immediate surroundings in terms of perceived value and lot size, without venturing into the custom estate market.
Section 2: Frequently Asked Questions
1. Is the $511k assessed value an accurate reflection of the market price?
While assessed value is used for property tax calculation and indicates the home is a high-calibre property for the area, it is not a direct market appraisal. The recent sold price range suggests the market value is aligned with this premium assessment.
2. How does the lot size compare practically?
At 5,475 sqft, the lot is above average for the street, offering more private outdoor space than many neighbours. However, it is closer to the citywide average, meaning while it’s generous for Riverbend, it may not be considered exceptionally large across all of Winnipeg.
3. The home sold recently in 2024. What does that indicate?
The quick resale could point to several factors, such as a change in the owner’s circumstances or an investor flipping the property. It warrants checking the exact sale history and any recent renovations to understand the context fully.
4. The home is newer (2002), but what might that mean for maintenance?
A 2002 build benefits from modern construction standards and likely has updated major systems. However, it is now entering the period where original components like the roof, HVAC, or appliances may be nearing the end of their typical lifespans and should be inspected.
5. How can I verify the exact past sale prices?
The site notes that due to industry rules, exact MLS sold records are not displayed publicly. You must request the exact figures via email from the provided service for a manually verified transaction history.