Property Overview: 88 Riverstone Road, Riverbend, Winnipeg
Key Characteristics & Appeal
This 960 sqft bungalow, built in 1993, presents a practical and competitively positioned home in the established Riverbend neighborhood. Its key appeal lies in its balance of a newer build date and a manageable scale within a mature community. While the living area is notably below average for the street, neighborhood, and city, this translates to lower utility costs and less maintenance—a potential advantage for those seeking efficiency. The assessed value of $399k is consistently around the average benchmark at every comparison level, suggesting the property is priced squarely within its market context without significant premium or discount.
The home would suit first-time buyers or downsizers looking for a solid, no-fuss entry into a stable neighborhood without the upkeep of a larger property. Its above-average lot size for Riverbend offers valuable outdoor space relative to many area homes. A thoughtful perspective is that its newer construction date (top 8% on its street) may mean modern building standards and potentially deferred major maintenance compared to older peers, offering a sense of security. The data indicates it’s a home that doesn’t stand out in size or price, but offers a grounded, average-cost foothold in a desirable area.
Frequently Asked Questions
1. Is the living area too small?
At 960 sqft, the home is smaller than most comparable properties on its street and in Winnipeg. This is ideal for those seeking a low-maintenance, efficient space, but buyers needing ample room should view the floorplan to ensure it meets their needs.
2. How does the assessed value relate to the likely selling price?
The assessed value of $399k is very close to the average for the street, area, and city. This suggests it is a fair benchmark, but the final sale price will be determined by current market conditions, the home’s interior condition, and recent comparable sales.
3. What are the implications of the build year being "above average"?
Built in 1993, this home is newer than most in Winnipeg and on its street. This often correlates with updated electrical, plumbing, and insulation standards, which can mean fewer immediate major upgrades and improved energy efficiency compared to much older stock.
4. How does the last sold price (2021) inform today's value?
The home sold for between $300k-$350k in April 2021. Market appreciation since then is reflected in the current $399k assessment. This history shows solid equity growth for the past owner, but does not directly set today’s price.
5. What does the lot size offer?
At 5,400 sqft, the lot is above average for the Riverbend neighborhood. This provides more private outdoor space than many nearby properties, which is a valued feature for gardening, recreation, or future additions like a shed or deck.