Property Overview: 61 Riverbend Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 61 Riverbend Avenue presents a compelling profile defined by its exceptional lot and strong valuation, set within a well-established Minnetonka neighbourhood. Built in 1972, the 1,480 sqft house offers above-average living space for its immediate street. However, the property’s standout feature is its expansive 14,882 sqft lot, which ranks in the elite top 5% on its street and top 4% within the wider area. This generous land size is a rare find, offering significant potential for outdoor enjoyment, gardening, or future expansion.
The appeal lies in this unique combination: a solid, mid-century home on a premium parcel of land. With an assessed value of $580,000, it ranks in the top 4% on its street, indicating it is perceived as a high-caliber property in its direct vicinity. This home would particularly suit buyers who prioritize land size and long-term property value over a brand-new build. It’s ideal for someone looking for space and privacy within the city, who may see value in the existing structure but views the land itself as the primary asset. A thoughtful perspective is that while the house itself is from the early 70s, its lot size is a permanent, appreciating feature that newer subdivisions rarely match, offering a different kind of value that isn’t solely about the interior square footage.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The property was sold in 2024 for an estimated $550,000–$600,000, which aligns closely with its current $580,000 assessed value. This suggests the assessment is in tune with the recent market.
2. Is the house outdated, given it was built in 1972?
The year built, 1972, is newer than most homes on Riverbend Avenue (which average 1958). While some updates may be desired, the home is not among the oldest in the area. Its era suggests a potentially simpler layout and construction that can be advantageous for renovation.
3. What makes the land area so significant?
At nearly 15,000 sqft, the lot is approximately 80% larger than the average lot on its street and double the city-wide average. This provides uncommon space for a city property, affecting privacy, outdoor possibilities, and future value.
4. Who determines these "Top X%" rankings, and what do they mean?
The rankings are a statistical comparison against "comparable homes" in three geographic circles: the immediate street, the broader Minnetonka area, and city-wide Winnipeg. Being in the "Top 4%" for value on its street, for example, means it is among the highest-valued properties in its most direct peer group.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed online. The site offers a manual service where you can provide your email to request the precise figure. They commit to replying by the end of the same day and state they will not use your email for unsolicited marketing.