Property Overview: 30 Riverbend Avenue, Winnipeg
Key Characteristics & Appeal
This home at 30 Riverbend Avenue in Minnetonka is a practical, mid-century property built in 1960, offering a balanced set of features for a specific buyer. Its primary appeal lies in its solid proportionality and established neighbourhood setting. With 1,149 sqft of living space, the home sits comfortably in the middle range for its immediate street and wider area, suggesting a manageable size for upkeep. A standout characteristic is the 7,299 sqft lot, which ranks within the top 15% city-wide, offering above-average outdoor space compared to most Winnipeg homes—a valuable asset for gardening, recreation, or future expansion.
The home’s assessed value is notably modest relative to the city-wide average, which may indicate a different property tax base compared to newer areas. Its last known sale was in the 2022 range of $400k-$450k. This profile suits first-time buyers or downsizers seeking a grounded, no-frills property with a generous yard in an established area. It appeals to those who prioritize land size over a modern or large interior and are comfortable with a home from the 1960s that may require personal updates over time. The data suggests it’s not an outlier in any category but represents a stable, average investment within its local context.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
The lot size of 7,299 sqft is a key feature, placing it in the top 15% of all properties city-wide. This means you get significantly more outdoor space than the average Winnipeg home, where lots average around 6,570 sqft.
2. Is the assessed value the same as the market value?
No. The current assessed value for taxation purposes is $40,600, which is very different from its last sale price range of $400k-$450k in 2022. Assessed value is used for calculating property taxes and often doesn’t reflect current market value.
3. How old is this home, and what might that mean?
Built in 1960, the home is 66 years old. While it is around the city’s average age, it is older than many in the Minnetonka area. Buyers should budget for potential updates to major aging components like roofing, plumbing, or windows.
4. What does the sold price history tell us?
The property sold for an estimated $400k-$450k in 2022. This recent sale provides a concrete benchmark for its market value at that time, which is more relevant for current pricing than the much lower assessed value.
5. How does the living space compare to the neighbourhood?
At 1,149 sqft, the living area is somewhat smaller than the average home on Riverbend Avenue (1,331 sqft) and in the Minnetonka area (1,439 sqft). This indicates a compact, efficient layout rather than a spacious one, which aligns with the home’s character as a manageable property.