Property Overview: 128 Riverbend Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Bruce Park is defined by its generous 6,500 sqft lot, which is notably larger than most in Winnipeg and offers significant outdoor space potential. Built in 1946, the home features a renovated basement and a detached garage. With 1,207 sqft of living space, the interior is functionally sized for a smaller household or those comfortable with a classic layout.
The primary appeal lies in its land value and location. The lot size is a standout, ranking in the top 25% within the desirable Bruce Park neighbourhood, suggesting room for gardens, play areas, or future expansion. While the home itself is of average size for the area, its assessed value ranks above average both locally and city-wide, indicating a solid investment in a well-regarded community. This property would best suit a buyer who prioritizes land over a large, modern footprint—ideal for someone looking to put down roots, enjoy outdoor space, and potentially add value over time through updates or additions. It’s a practical choice for a first-time buyer seeking entry into a established neighbourhood or a downsizer wanting a manageable home with a premium lot.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but the specific finishes, ceiling height, and legal compliance (e.g., proper egress, permits) should be verified with the seller or a home inspector.
2. How does the older year of construction (1946) affect the home?
While it offers classic character, it’s essential to investigate the condition of major aging components, such as the roof, plumbing, electrical systems, and foundation, which may require maintenance or updating.
3. The assessed value is $450k, but it last sold for $340k in 2019. Why the difference?
Municipal assessed value for taxes and market sale price can differ significantly. The assessment is a mass appraisal for taxation purposes, while the sale price is determined by the current market. This gap suggests the property may have appreciated, but a professional appraisal is needed for current market value.
4. Is the large lot underutilized?
With a living area that’s average-sized on a lot that’s larger than average, there is a clear opportunity. Buyers should consider if the space meets their lifestyle needs and explore local zoning bylaws to understand possibilities for additions, outbuildings, or landscaping projects.
5. How does this home compare to others on the same street?
The data shows that for lot size, this property is around the street average, but it ranks above average for assessed value. This suggests that while the lot is typical for Riverbend Crescent, the property as a whole is considered more valuable than many of its immediate neighbours, likely due to the renovated basement and overall condition.