Property Overview: 110 Riverbend Crescent, Winnipeg
Key Characteristics & Appeal
This one-storey home in Bruce Park is defined by its generous, mature lot and its value-oriented position in the market. Built in 1946, the house itself is modest in size at 704 sq ft, placing it well below average for living space both locally and city-wide. Its primary asset is the 5,378 sq ft lot, which is larger than many in the immediate area and offers significant outdoor potential. The home features a renovated basement and a detached garage.
The appeal here lies in a clear opportunity: it is a property where the value is anchored in the land itself, presenting a classic "blank canvas" scenario. It suits a specific type of buyer—perhaps a first-time purchaser comfortable with a compact layout who values private outdoor space over square footage, or an investor/developer attracted by the lot size in a well-established neighbourhood. The below-average assessed value and recent sale price suggest an accessible entry point into the market. It’s not a move-in-ready showcase home, but a practical foundation with room to grow, either through renovation or future redevelopment.
Frequently Asked Questions
1. Is the small living area a major drawback?
It is the home's most notable limitation, as it is significantly smaller than most comparable properties. This makes it best suited for individuals, couples, or those who prioritize efficient living and plan to utilize the basement and outdoor space extensively.
2. What does the "renovated basement" include?
The listing notes the basement is renovated but does not specify the scope. This would be a critical point for clarification with the seller or agent, as it could add valuable functional space to offset the compact main floor.
3. How does the lot size compare to others?
At over 5,300 sq ft, the lot is notably larger than many on its own street, where comparable properties average around 8,300 sq ft. This means you're getting a more substantial parcel of land than most of your direct neighbours, which is a key advantage.
4. What is the neighbourhood like?
Bruce Park is a mature, established neighbourhood. The property rankings show that for metrics like year built and living area, this home is typical for Bruce Park, indicating a character of older, often cozier homes on decent-sized lots.
5. Why is the assessed value so much lower than the last sale price?
The assessed value is for municipal tax purposes and often lags behind market value, especially after a recent sale or renovation. The 2017 sale price of $230k is a more relevant indicator of its market value, though current conditions will ultimately determine its worth.