Property Summary: 91 Wisteria Way, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This 2007-built home in Riverbend presents a compelling blend of established value and above-average space. With 1,572 sqft of living area, it sits comfortably above both neighborhood and city averages, offering more room than many comparable properties. Its true standout feature is its assessed value of $552k, which ranks in the elite top 5% on its own street and top 1% within the wider Riverbend neighborhood. This suggests a property that is highly regarded relative to its immediate peers, potentially due to factors like finishes, layout, or specific location on the street.
The appeal lies in its position as a well-sized, modern home in a desirable area, with a value that reflects a premium standing within its community. It suits buyers looking for a move-in-ready home from the 2000s era, who prioritize a strong value proposition and a sense of investment security evidenced by its high assessed valuation rankings. The generous 6,834 sqft lot also offers ample outdoor space, ranking above average for the area. A thoughtful perspective for buyers is to consider that while the home's value is elite locally, its city-wide ranking is simply "above average," indicating its premium is very specific to Riverbend—a sign of a strong micro-location.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($552k) is for municipal tax purposes and is a strong indicator of the property's standing relative to its neighbors. However, the market sale price will be determined by current conditions, recent comparable sales, and the property's specific features. The last known sale was between $450k-$500k in late 2020.
2. Is the living space considered large for the area?
Yes. At 1,572 sqft, the home is above the average size for both the Riverbend neighborhood (1,288 sqft avg.) and the city overall (1,342 sqft avg.). On Wisteria Way itself, it is slightly below the street average but still ranks in the top half.
3. What does the "elite" ranking for assessed value mean?
It means this home's municipal assessment is among the very highest on its street (top 5%) and in Riverbend (top 1%). This typically reflects a combination of the home's size, condition, lot, and improvements relative to nearby properties, suggesting it is considered a higher-value asset in its immediate market.
4. How can I find out the exact historical sale prices?
The site provides sold price ranges for general reference. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email, as this data is not displayed directly on the site due to industry rules.
5. The home was built in 2007. What should I consider about its age?
A 19-year-old home is newer than most in Winnipeg (city avg. ~1966). It likely benefits from modern construction standards but is also at an age where some original components (like the roof, HVAC, or major appliances) may be nearing the end of their typical lifespan and could require inspection or future budgeting for updates.