Property Overview: 58 Riverstone Road, Winnipeg
Key Characteristics & Appeal
This home at 58 Riverstone Road is a compact, single-story property in the Riverbend neighborhood. Built in 1987, its primary characteristic is its modest scale: at 762 sqft, its living area is notably smaller than most homes on its street, in Riverbend, and across Winnipeg. The lot size of 2,732 sqft is also more compact compared to area norms. Its assessed value of $305k is below the local street and neighborhood averages, positioning it as a more affordable entry point into the area.
The appeal lies in this affordability and manageability. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property in a well-established neighborhood without the premium price tag of larger homes. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less upkeep, offering a simpler lifestyle. While it ranks below average in size locally, its city-wide assessed value is around average, suggesting it holds value as a functional property in Winnipeg’s broader market. It last sold in 2024, indicating recent market activity and interest at this price point.
Frequently Asked Questions
1. Is the living area too small for practical use?
While below area averages, the 762 sqft layout may be efficient for one or two people. Prospective buyers should consider their space needs versus the benefit of a lower price in the neighborhood.
2. Why is the assessed value lower than neighbors'?
The assessed value reflects the property’s smaller size and lot relative to others on Riverstone Road and in Riverbend, where homes are typically larger. It aligns more closely with Winnipeg-wide averages.
3. What does the recent sale history indicate?
The property sold in May 2024, and previously in May 2019. This shows it is a transactable property that has attracted buyer interest roughly every five years, likely due to its affordability.
4. How does the lot size impact the property?
The lot is smaller than many in the area, which means less yard maintenance. It may limit expansion possibilities but contributes to the home’s lower-maintenance appeal.
5. Where can I get verified sale price details?
The exact sale prices are not published on this site due to data restrictions. You can request the full transaction history and exact figures via email from the site provider for a manually verified report.