Property Overview: 81 Hearthwood Grove, Winnipeg
Key Characteristics & Appeal
This 1,174 sqft home, built in 1989, presents a solid, middle-of-the-road offering in Winnipeg's Riverbend neighborhood. Its primary appeal lies in its established stability rather than standout extremes. The home sits on a modest, slightly below-average lot for the immediate area but benefits from being one of the newer builds on its street. With an assessed value of $393k, it aligns closely with city-wide averages, suggesting a market-appropriate valuation.
The property would suit a practical, value-conscious buyer—perhaps a first-time homeowner or a downsizer—who prioritizes a move-in ready home in a mature neighborhood over a fixer-upper or a brand-new build. Its appeal is in its predictability: you’re getting a home that is consistently "around average" in size and value for its city and area, which can mean less competition and fewer price surprises. A thoughtful perspective is that its slightly smaller lot could be seen as a benefit for those seeking lower maintenance without sacrificing interior living space, which is competitive for the street.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $250k-$300k in 2016. While exact recent sale prices for nearby homes require a manual lookup, the assessed value ranks in the top 38% on Hearthwood Grove, indicating it is viewed favorably compared to direct neighbors.
2. Is the lot size a concern?
The land area is below average for both the street and the Riverbend neighborhood. This typically means a smaller yard, which reduces maintenance but may limit expansion or outdoor recreation space. It’s a trade-off that depends on the buyer’s lifestyle.
3. What does the "Elite" ranking for year built mean?
Ranked in the top 5% on its street, this means 81 Hearthwood Grove is one of the newest homes on the block. In a mature area, a newer build (1989) can suggest potentially fewer immediate updates compared to older surrounding homes.
4. Are the property taxes likely to be high?
The assessed value of $393k is very close to the Winnipeg city-wide average for comparable homes ($390.1k). You can expect property taxes to be in line with an average-priced home for the city, not unusually high or low for its type.
5. How can I verify the exact past sale price?
Due to data display rules, exact sold prices are not published on this site. You can request the exact sale history via email, and the team will provide the verified figures manually, typically by the end of the same business day.