Property Overview: 220 Red River Boulevard W, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical and value-conscious opportunity in Winnipeg's Riverbend neighborhood. Built in 1987, it is slightly newer than many homes in the city and on its street. With 1,058 sqft of living space, it offers a comfortably sized layout that is very typical for the area, sitting close to the averages for both the street and the wider city.
The primary appeal lies in its efficient scale and established location. The assessed value of $372k is below the neighborhood average, potentially offering an accessible entry point into the area. The lot size of 4,001 sqft is notably smaller than most comparables, which translates to less yard maintenance—a significant plus for buyers seeking a low-upkeep property or who prefer to spend less time on landscaping.
This property would suit first-time buyers or downsizers looking for a manageable, no-fuss home in a mature neighborhood. It’s also a sensible fit for value-focused investors or buyers who prioritize the financial efficiency of a smaller lot and a home that doesn’t require extensive modernization. Its metrics suggest it’s a straightforward, average-condition home rather than a standout fixer-upper or a luxury offering.
Section 2: Frequently Asked Questions
1. Is this a good value for the Riverbend area?
The assessed value is below the neighborhood average, which can indicate a relative value opportunity. However, the living area and lot size are also below average, so the price reflects a more compact property.
2. What does the smaller lot size mean for me?
A 4,001 sqft lot requires less time and money for maintenance like mowing and gardening. It may also mean less privacy and smaller outdoor living space compared to neighbors, but it can be a major advantage for those wanting a low-maintenance lifestyle.
3. How updated is this 1987 home?
The data provided does not specify renovation history. A key step would be to determine the age and condition of major systems (roof, windows, HVAC) and interior finishes, as this significantly impacts value and move-in readiness.
4. How does the last sold price (2020) compare to today's value?
It sold for between $300k-$350k in April 2020. The current assessed value of $372k suggests market appreciation, but the exact sale price and conditions would need to be verified for a precise comparison.
5. Where can I get verified sale history and exact past prices?
The site notes that exact sold prices are not displayed publicly due to data source rules. You must request this information directly from them via email for a manual lookup, as it is not sourced from the MLS.