Property Overview: 156 Red River Boulevard W, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1987-built home in Riverbend presents a practical and affordable entry point into a well-established neighborhood. With 875 square feet of living space, it is notably more compact than most homes in the area, placing it in the top 94% of the neighborhood for smaller floor plans. This characteristic defines its core appeal: it’s a manageable, lower-maintenance property on a generous 5,712 sqft lot that is larger than many in Riverbend.
The assessed value of $364k sits slightly below the neighborhood average but aligns closely with the Winnipeg-wide average, suggesting a fair, mid-market valuation. A thoughtful perspective is that this home offers the desirable lot size and location of Riverbend without the premium often attached to larger houses on the street. It last sold between $250k-$300k in 2017, indicating significant equity growth since then.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, land-value-oriented asset in a stable area. It’s for those who prioritize location and yard space over interior square footage and are comfortable with a home that may require updates reflective of its late-80s build.
Frequently Asked Questions
1. Is this home a good value for the neighborhood?
The data suggests it offers a value-oriented position. While the living area is below the Riverbend average, the lot size is above average, and the assessed value is below the neighborhood benchmark. This creates an opportunity to own land in the area at a relatively accessible price point.
2. What does the living area ranking mean for daily life?
Ranking in the top 94% for a smaller living area means this is one of the more compact homes in Riverbend. It will suit a minimalist lifestyle or a small household comfortably, but may feel cramped for those needing multiple dedicated rooms or extensive storage.
3. How does the 1987 build year affect the property?
Built in 1987, the home is newer than the Winnipeg average but slightly older than the Riverbend average. Buyers should anticipate maintenance and potential updates consistent with a house of this age, such as roof, windows, or mechanical systems, rather than major structural concerns.
4. Can I see the exact historical sale price?
The site provides a sold price range from 2017. To obtain the exact figure and full transaction history, you must request it directly via email, as this data is manually verified and not sourced from the MLS.
5. How does the lot size compare, and why does it matter?
At 5,712 sqft, the lot is larger than over 78% of those in Riverbend. This is a key asset, offering ample outdoor space for gardening, recreation, or future expansion (subject to zoning), which is a significant perk not always found with smaller homes.