Property Overview: 24 Maplegrove Road, Riverbend, Winnipeg
Key Characteristics & Buyer Profile
This 1992-built home in Riverbend presents a distinct value proposition centered on its lot and location rather than its size. At 923 sqft, the living space is notably below average for the street, neighborhood, and city, making it one of the more compact homes in the area. Its primary appeal lies in its generous 4,545 sqft lot, which ranks in the top 17% on Maplegrove Road, offering above-average outdoor space for the immediate area. The assessed value of $396k is above the street average but aligns closely with the Winnipeg citywide average, suggesting the price reflects a balance between the desirable lot and the modest home footprint.
This property would suit practical, value-conscious buyers. It's ideal for first-time homeowners who prioritize yard space and a stable neighborhood over square footage, or for downsizers seeking a manageable home with room for gardening or outdoor living. It may also appeal to investors or renovators who see potential in the land or in expanding the existing structure, given that the assessed value per square foot of land is competitive.
A less obvious perspective is that this home represents an efficient use of space in a well-established area. While smaller, it likely carries lower utility costs and less maintenance. Its "around average" age for the neighborhood means major components may be due for updates, which is a consideration but also an opportunity for customization.
Frequently Asked Questions
1. Is the home's smaller size a drawback?
It depends on your needs. The living area is below average, which means efficient use of space is key. However, this often translates to lower heating costs and less upkeep. The significant lot size compensates by offering ample outdoor potential.
2. How does the assessed value compare to recent sales?
The assessed value is $396k. A nearby comparable home sold in the $350k-$400k range in April 2021. For precise, verified sale prices of this property and direct comparables, you can request a manual lookup via email from the site.
3. What does the lot size ranking mean for me?
Ranking in the top 17% on the street for lot size means you're getting more land than most neighbors on Maplegrove Road. This is a standout feature for gardening, adding a deck or shed, or future expansion, relative to the immediate area.
4. Is the 1992 build date a concern?
The build date is typical for Riverbend. A home of this age is likely past its first generation of major components (like roof, furnace, windows), so a thorough inspection is recommended to understand the condition and any upcoming capital needs.
5. How does this property fit within the Riverbend neighborhood?
It sits in a mature, established part of Riverbend. The home itself is more modest in size compared to the neighborhood average, but its value and lot size are competitive. It represents a more affordable entry point into the area.