Property Overview
31 Riverbend Avenue is a well-situated home in Winnipeg's Minnetonka neighbourhood. Built in 2015, it stands out as a significantly newer construction compared to most homes in the area. With 1,404 square feet of living space and a 6,836 square foot lot, it offers comfortable, modern living on a property that is above average in size for the city. Its assessed value is notably higher than many of its immediate neighbours, suggesting quality finishes or desirable features.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern build within an established neighbourhood. As a 2015 construction, it ranks in the top 2% for year built on its own street and the top 1% in Minnetonka, meaning it likely requires less immediate maintenance and incorporates contemporary building standards and layouts. While the living space is average for the area, the lot size is generous city-wide (top 18%), offering good outdoor potential.
This home would particularly suit buyers who want a newer, move-in-ready property without sacrificing the mature setting of an established community. It’s ideal for those who prioritize modern systems and design but may not need an oversized house. The above-average assessed value, both locally and city-wide, indicates a property that holds its worth well, appealing to value-conscious buyers looking for a sound investment in a stable area.
Frequently Asked Questions
1. How does the lot size compare practically?
While the lot is slightly smaller than the average on Riverbend Avenue, it is still larger than the typical Winnipeg lot. This offers a good balance—enough space for a deck, garden, or play area without the extensive upkeep of a much larger yard.
2. What does the "Elite" ranking for year built actually mean?
This statistical ranking highlights that the home is one of the newest on the street and in the wider Minnetonka area, where the average home was built in the 1970s. This suggests less likelihood of aging roof, window, or major system replacements in the near term.
3. The assessed value is high for the street. What could explain this?
A higher assessment than neighbouring homes typically reflects the property's newer construction, potentially better condition, and modern amenities. It’s a formal valuation for tax purposes, not a market price, but it often correlates with a strong market value.
4. What is the neighbourhood character like?
The data shows Riverbend Avenue is a mixed-street with homes of varying ages and sizes. This newer home sits among older properties, offering a modern living experience in a traditional, settled community.
5. Where can I see more detailed context for this property?
You can open the neighbourhood analysis page to view this home on a map alongside nearby houses, comparing details like year built, lot size, and assessed value directly with its immediate neighbours.