Property Overview: 83 John Reeves Place, Riverbend, Winnipeg
This home presents a solid, middle-of-the-road offering in Winnipeg's Riverbend neighborhood. Built in 1999, it is newer than most homes in the city and is among the newer properties on its own street. With 1,258 square feet of living space and a 4,481 square foot lot, its size is consistently average when compared to the immediate street, the wider neighborhood, and the city. Its assessed value of $405,000 aligns closely with area averages, though it sits slightly above the typical Winnipeg home value. Recent sale activity in the area suggests a stable market, with this property having sold between $400,000 and $450,000 in mid-2024.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance and predictability. It doesn't stand out as exceptionally large or small, expensive or cheap, but rather represents a reliable benchmark for the area. Its 1999 build date is a key advantage, suggesting modern construction standards and potentially fewer immediate major repairs compared to Winnipeg's older housing stock. The lot size, while smaller than the city average, is typical for Riverbend and offers manageable outdoor space.
This home would suit pragmatic, value-conscious buyers—perhaps first-time purchasers or downsizers—who prioritize a move-in-ready property in an established neighborhood over custom features or extreme size. It’s for someone who finds comfort in data: the numbers indicate you are buying a home that is fundamentally aligned with its surroundings, minimizing the risk of overpaying for outliers or facing unusual comparables when it's time to sell. A less obvious perspective is that its consistent "average" rankings across metrics could signal a lower volatility in value, appealing to those who see a home as a steady long-term holding rather than a speculative asset.
Frequently Asked Questions
1. How does this home’s value compare to what it recently sold for?
The assessed value is $405,000, and public records indicate it sold for between $400,000 and $450,000 in June 2024. This suggests the sale price was very close to its official assessed value.
2. Is the lot size a disadvantage?
At 4,481 sqft, the lot is smaller than the Winnipeg average but is typical for the Riverbend neighborhood. It ranks around the middle of homes on John Reeves Place. It offers manageable yard maintenance while still providing private outdoor space.
3. What does the "Above Average" year built ranking mean?
Built in 1999, this home is newer than 82% of comparable homes across Winnipeg and is among the top 13% newest on its specific street. This generally implies more modern building materials, electrical systems, and insulation.
4. Are the sold prices shown here the exact figures?
The displayed sold price ranges (e.g., CA$400k–450k) are based on publicly available data. To receive verified, exact historical sale figures for this property, you must request them directly via email from the site provider.
5. How does this property fit within the immediate area?
The data shows it is consistently average or slightly above average for John Reeves Place and Riverbend in terms of living area, assessed value, and land area. It is a representative example of homes in this specific pocket of the neighborhood.