Property Overview: 16 Red Maple Road, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1989-built home in Riverbend presents a specific value proposition centered on efficient living. At 792 sqft, its living space is notably compact, ranking below average for its street, neighborhood, and city. This is balanced by a solid assessed value of $364k, which is above average for Red Maple Road itself. The lot size is also modest relative to the area.
The primary appeal lies in its position as a relatively newer, low-maintenance entry point into a well-established neighborhood. It suits buyers seeking affordability and simplicity—such as a first-time homebuyer, an empty nester looking to downsize, or an investor seeking a manageable rental property. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less upkeep, freeing up time and budget. While not the largest home on the block, its value ranking on the street suggests it is considered a well-maintained asset among its immediate peers.
Frequently Asked Questions
1. Is the home’s smaller size a disadvantage?
It depends on your needs. The living area is compact, which limits space for larger families or extensive belongings. However, this translates to a more affordable price point for the Riverbend area and typically lower ongoing costs for heating, cleaning, and maintenance.
2. How does the assessed value compare to recent sale prices?
The home sold in August 2022 for an estimated $300k–$350k. The current assessed value of $364k is higher, indicating a potential increase in market valuation since that last sale. For exact historical sale figures, you can request a manual lookup from the site.
3. What does the "Top 25%" street ranking for value mean?
This means that among the 28 comparable homes on Red Maple Road, this property’s assessed value is in the highest quarter. It suggests that, relative to its immediate neighbors, this home is considered one of the more valuable properties on the street.
4. Is the lot size a concern for outdoor space or expansion?
The lot is 3,297 sqft, which is smaller than many in Riverbend. It provides a manageable yard but may limit possibilities for large additions or extensive landscaping. It’s ideal for someone who prefers less yard work.
5. How current and reliable is this sales data?
The sold price data is based on publicly available information, not the MLS. The ranges provided are reasonably reliable, but for fully verified, exact transaction history, you need to request a manual lookup from the site, which they provide via email.