Property Overview: 112 Riverbend Crescent, Winnipeg
Key Characteristics & Buyer Profile
This home is a one-and-a-half storey character property built in 1946, situated on a 5,377 sqft lot in Bruce Park. Its key features include a renovated basement and a living area of 1,328 sqft, which is squarely average for the neighbourhood. The lot size is notably more compact than others on Riverbend Crescent itself, but is typical for the wider Bruce Park area. The home’s assessed value is below average for its immediate street, which can signal a different value proposition compared to neighbours.
The appeal lies in its grounded, no-frills practicality. It’s a home that offers the charm of an established neighbourhood without the premium often attached to larger lots on the same block. The renovated basement adds functional living space, a significant plus for a home of this era. This property would best suit a first-time buyer, a downsizer, or a pragmatic investor looking for a character home in a mature neighbourhood without a massive yard to maintain. Its value positioning suggests it’s a potential entry point into a well-located street.
Frequently Asked Questions
1. Is the below-average assessed value for the street a concern?
Not necessarily. It typically reflects the home’s specific attributes (like lot size and living area) compared to neighbours. It can represent a more affordable entry point to a desirable street, but a professional inspection is always recommended to understand the home’s condition fully.
2. What does "one-and-a-half storey" mean for living space?
This style often features a main floor with principal rooms and a second floor under sloped ceilings, typically housing bedrooms. It offers classic character but may have less full-height space than a true two-storey home.
3. The lot is smaller than others on the street. Is that a drawback?
It depends on your priorities. It means less yard maintenance, which many buyers appreciate. While it offers less private outdoor space than some neighbours, it still provides a decent-sized city lot.
4. How does the recent sale history affect the current price?
The home sold in December 2020. The market has evolved since then, so the current listing price will be based on recent comparable sales, condition updates, and current market dynamics, not the 2020 sale price.
5. Are there any obvious costs or projects to anticipate?
Given the home’s age (80 years), prospective buyers should budget for ongoing maintenance typical of older homes. While the basement is renovated, attention should be paid to the condition of major aging components like the roof, windows, and plumbing systems.