Property Overview: 66 Riverstone Road, Riverbend, Winnipeg
Key Characteristics & Buyer Appeal
This 1,080 sqft bungalow, built in 1988, presents a distinct value-oriented profile in Winnipeg's Riverbend neighborhood. Its primary appeal lies in its significantly lower assessed value ($286k) compared to area averages, offering an accessible entry point into the community. The home’s living area is reasonably aligned with city-wide norms, but it sits on a notably compact lot (2,486 sqft), one of the smallest on the street.
This property would suit practical, budget-conscious buyers—such as first-time homeowners, downsizers, or investors—who prioritize location and affordability over square footage and outdoor space. Its below-average valuation against peers suggests potential for equity growth in a rising market, but also indicates it may require updates or reflects its smaller land size. A thoughtful perspective is that the compact lot translates to lower maintenance costs and less yard work, which can be a hidden benefit for those seeking a simpler, more manageable property.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is notably below street, neighborhood, and city averages. This typically reflects a combination of the home's smaller lot size, its specific living area, and potentially the condition or features relative to nearby properties. It's a key factor in the home's affordability.
2. Is the smaller lot size a major drawback?
It depends on your lifestyle. While it limits expansive gardening or large outdoor recreation space, it significantly reduces maintenance time and costs. It may also mean closer proximity to neighbors compared to other homes on the street.
3. How does the home's size compare for the area?
At 1,080 sqft, the living area is slightly below the neighborhood average but close to the city-wide average. It suggests a comfortable, efficient layout rather than a spacious one, fitting for individuals, couples, or small families.
4. What is the historical sales context?
The home sold previously in 2016 and 2021, with sold prices consistently in the CA$250k–300k range. This indicates a stable value history in that band, with its current assessed value of $286k fitting within that established range.
5. Where can I get verified sale price details?
The provided sold prices are estimated ranges from public data. For exact historical sale figures and a full transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.