Property Overview: 192 Riveroaks Drive, Bruce Park, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, sits on a generous 5,162 sqft lot in the established Bruce Park neighbourhood. Its key appeal lies in a blend of character and above-average positioning within its immediate area. With 1,443 sqft of living space, the home is notably larger than many comparable houses on its street and in Bruce Park. A recently renovated basement adds modern, functional space, while the detached garage offers flexibility.
The home’s standout feature is its strong performance in local context metrics. It ranks in the top 12% of its street for living area, assessed value, and year built, meaning it is newer, larger, and more highly valued than most direct neighbours. Its last sale price in 2021 also placed it in the top 3% for the street, suggesting it has been a premium property in the area. This combination makes it ideal for buyers seeking a character home in a mature neighbourhood, but with the advantages of a relatively newer build, ample interior space, and a finished basement. It would suit a small family, a professional couple, or a downsizer looking for a manageable yet spacious home with room to grow and a private yard.
A thoughtful perspective: while the home is "newer" compared to its Bruce Park peers (top 17%), its 1949 construction still means it carries the potential maintenance considerations of a 77-year-old structure, balanced by the charm and solidity of its era. Its value is clearly anchored in its desirable location on Riveroaks Drive, as its city-wide rankings are more average, highlighting the premium of this specific pocket.
Frequently Asked Questions
1. How does the lot size compare?
At 5,162 sqft, the lot is very close to the average for both Riveroaks Drive and the broader Bruce Park area, offering a standard-sized yard for the neighbourhood.
2. What does the "Top 12%" ranking for Assessed Value mean?
This indicates the municipal assessed value of $351,000 is higher than 88% of similar homes on Riveroaks Drive. It generally reflects the property’s perceived market value relative to its immediate peers, though the 2021 sale price of $400,000 is the more current market indicator.
3. Is the home older than most in Winnipeg?
Yes. While it’s newer than many homes in Bruce Park, city-wide data shows it’s older than about 73% of Winnipeg homes, which is typical for established, inner-city neighbourhoods.
4. What is a "one-and-a-half storey" style?
This is a classic Winnipeg design, typically featuring a full main floor and a second floor with sloping ceilings where the roofline begins, often creating cozy bedrooms with character. It distinguishes it from a full two-storey home.
5. The data shows strong local rankings but more average city-wide ones. How significant is this?
This is a key point. It signifies that the home is a standout property within the sought-after Bruce Park/Riveroaks Drive area. Buyers are paying a premium for this specific location, as the home’s attributes are more exceptional locally than they would be if compared to all Winnipeg suburbs.