Property Overview: 114 Riverbend Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, classic one-storey home in the Bruce Park neighbourhood, built in 1946. Its key features include a renovated basement and a detached garage. The property sits on a 5,377 sqft lot, which is notably smaller than others on Riverbend Crescent but aligns closely with the average lot size for both Bruce Park and Winnipeg overall. With 1,135 sqft of living space, the house itself is comfortably in the average range for the area.
The appeal here is grounded in its established location and practicality. It represents a more manageable scale compared to some larger lots on the street, which can mean less maintenance. The renovated basement adds valuable finished space. This home would suit first-time buyers or downsizers looking for a solid, no-fuss property in a mature neighbourhood without the upkeep of a vast yard. Its assessed value positions it as a more accessible entry point into the area compared to some neighbours, offering potential for those comfortable with a home of this vintage.
Section 2: Frequently Asked Questions
1. Is the lot size a disadvantage?
While the lot is smaller than the specific street average, it is very much on par with the broader neighbourhood and city. For many buyers, this translates to less yard work while still providing decent outdoor space.
2. What should I consider about a home built in 1946?
While the basement has been renovated, the core home is 80 years old. A thorough inspection is essential to understand the condition of major aging components, such as the roof, plumbing, and electrical systems, which may need attention or updating.
3. How does the assessed value relate to the listing price?
The assessed value is for municipal tax purposes and is typically lower than market value. It’s a useful benchmark for understanding property taxes, but the listing price will be determined by current market conditions, recent upgrades, and seller discretion.
4. What is the neighbourhood like?
Bruce Park is a mature, established area. The proximity to nearby references like 130 Riverbend Crescent and 210 Queen Street suggests a mix of classic and character homes. It’s advisable to visit at different times to get a feel for the community.
5. Are the renovations permitted?
It’s important to verify that the basement renovation was completed with the necessary permits and complies with current building codes. Your real estate agent can help request this documentation from the seller.