Property Summary: 7 Riverwest Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1992-built home in Riverbend offers a balanced, above-average proposition within its immediate context. With 1,147 sqft of living space, the interior size is typical for the neighborhood but sits on a notably larger-than-average lot for the street (5,455 sqft), ranking in the top 19%. This suggests greater outdoor space and potential relative to nearby homes.
The primary appeal lies in its strong value positioning. The assessed value of $454k is consistently above average for the street, neighborhood, and city, indicating that official valuation recognizes its standing. For a buyer, this translates to a home that holds its weight in a desirable pocket of Riverbend, with the lot size being a distinct, less obvious advantage over direct neighbors. It suits practical buyers looking for a established, mid-90s home in a mature neighborhood, who prioritize lot size and perceived value over a larger interior footprint. It’s a solid choice for those who see more potential in the land than in the current structure's square footage.
Section 2: Frequently Asked Questions
1. Is the living area small for the price?
While the living area is around the neighborhood average, the assessed value is above average. This suggests factors like the larger lot, specific location on the street, or the home's condition contribute significantly to its valuation beyond pure square footage.
2. How does the lot size compare meaningfully?
The lot is over 280 sqft larger than the street average. This doesn't just mean a bigger yard; it can offer more privacy, landscaping potential, and future flexibility (like additions or a shed) that neighboring properties might not have.
3. What does the "Above Average" assessed value ranking mean?
It means the city's assessment places this home's value higher than most comparable homes in each scope (street, area, city). This can be a marker of stability, but it's important to verify this aligns with current market conditions and recent sale prices.
4. The home was last sold in August 2020. What was the exact price?
The public data shows a sold price range of CA$400k–$450k. To obtain the exact, verified sale price and history, you must request a manual lookup from the site via email, as they do not display MLS records.
5. How does the age of the home (1992) factor in?
Built in 1992, the home is newer than the average Winnipeg house but typical for Riverbend. This era means major components (roof, windows, HVAC) may be nearing or have undergone key replacements, so inquiring about updates in the last decade is advisable.