Property Overview: 162 Riverbend Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-and-a-half storey home built in 1947, situated on a mature, standard-sized lot in the Bruce Park neighbourhood. Its key characteristics are its solid, post-war construction and a functional, unrenovated layout offering approximately 1,156 square feet of living space. The property includes a basement, but it has not been updated, and there is no garage or pool.
The primary appeal lies in its value proposition and potential. With an assessed value significantly below the averages for its street, neighbourhood, and city, it presents a notable entry point into a well-established area. This is not a move-in-ready showpiece, but a grounded opportunity. It would suit a practical, value-conscious buyer—likely a first-time homeowner, an investor, or a hands-on individual—who sees potential in a structurally sound canvas. The appeal is for those comfortable with a project, whether that means living with the existing condition for a time, making gradual updates, or considering the underlying land value in a neighbourhood of generally larger, more valuable lots.
Section 2: Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the home's unrenovated state and modest size compared to neighbours. It indicates a property that hasn't been recently upgraded, not one with fundamental problems, but a professional inspection is always advised.
2. What does "one-and-a-half storey" mean for this home?
Typically, this style features main living areas on the ground floor with bedrooms or additional space in a finished upper level that has sloped ceilings due to the roofline. It offers a classic layout that can feel cozy and efficient.
3. How does the lot size compare?
At just over 5,300 square feet, the lot is smaller than most on Riverbend Crescent but is very much in line with the Bruce Park and city-wide averages. It provides a manageable yard space without excessive maintenance.
4. What is the neighbourhood like?
Bruce Park is a mature, established neighbourhood. The data shows homes here have a wide range of values and sizes, suggesting a mix of original and updated properties, which is typical for areas with homes from this era.
5. Who would this property not suit?
It would not suit buyers seeking a turn-key, modern home with no immediate projects, or those requiring ample storage/vehicle space provided by a garage. The value here is tied to the buyer's willingness to accept or improve upon its current condition.