Property Overview: 16 Glencairn Road, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This 1992-built home in Riverbend presents a distinct profile defined by its compact size and well-positioned lot. Its 759 sqft living area is notably below average for the street, neighborhood, and city, making it one of the smallest homes in the immediate area. This key characteristic shapes its appeal: it is a streamlined, low-maintenance property in a mature neighborhood where most homes are significantly larger. The assessed value of $329k is below the local street and area averages but aligns closely with the Winnipeg-wide average, suggesting it offers an accessible entry point into the Riverbend community.
The appeal lies in its efficiency and potential. The lot size of 5,584 sqft is above average for both the street and neighborhood, offering valuable outdoor space that contrasts with the modest interior. This combination suits specific buyers: first-time homeowners seeking affordability in an established area, downsizers looking to reduce living space without sacrificing yard size, or investors considering a property with redevelopment potential (subject to zoning). It’s a practical choice for those who prioritize location and land over square footage, understanding that the home’s value is anchored more in its lot and neighborhood than in its current structure.
Section 2: Frequently Asked Questions
1. Is the price fair given the small size?
The assessed value and recent sale history indicate the market has priced the home with its compact size in mind. While it is below average for Glencairn Road, it is competitively positioned against Winnipeg averages, reflecting a trade-off between interior space and location.
2. Who would this property suit best?
It is ideally suited for minimalists, first-time buyers, or empty-nesters. The layout demands efficient use of space, but the larger-than-average lot provides room for gardens, recreation, or future expansion, appealing to those who value outdoor space over a large interior.
3. How does it compare to nearby homes?
The data shows it is an outlier in terms of living area on a street of larger homes. However, its lot size is competitive, and its year built is consistent with the neighborhood. It offers a different value proposition—land and location—compared to neighboring properties that offer more finished space.
4. What is the potential for expansion or renovation?
The above-average lot size for the area is a key asset, suggesting potential for additions or redevelopment, subject to municipal regulations and permits. The home’s below-average assessed value for the street may also provide some "headroom" for investment in improvements.
5. How reliable is the sold price data shown?
The site uses publicly available data, not MLS records, and provides price ranges. For fully verified transaction history and exact sale figures, you must request a manual lookup via email, as detailed in the data notes.