Property Overview: 63 Riverbend Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Riverbend Avenue in Minnetonka stands out for its generous proportions, both indoors and out. The primary appeal lies in its significant size advantage over comparable properties. With 2,363 square feet of living space, it ranks in the top 3-4% of homes on its street and city-wide, offering substantially more room than the local average. This is complemented by a large, private lot of nearly 10,000 square feet, which places it in the top 7% city-wide for land area.
The property’s assessed value is notably higher than most neighbours, reflecting its elite standing on the street and above-average positioning in the broader area. Built in 1954, it is a character home of its era, slightly older than many in the Minnetonka neighbourhood but typical for Winnipeg as a whole. A less obvious perspective is that this combination—a larger, older home on a sizable lot—suggests potential for those interested in character-driven renovations or expansions, where the existing footprint and land provide a rare canvas not found in newer subdivisions.
This home would ideally suit buyers prioritizing space and established neighbourhoods over modern finishes. It’s a strong match for growing families needing multiple bedrooms, individuals looking for a project with solid underlying value, or anyone who values extensive outdoor space and the maturity of a well-located lot.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare to others?
Its living area of 2,363 sqft is exceptionally large for the context. It is over 1,000 square feet larger than the average home on Riverbend Avenue and ranks in the top 4% of all Winnipeg homes for living space.
2. What does the assessed value indicate?
At $61,100, the assessed value is among the highest on the street (top 3%) and above average for the wider area. This generally reflects the property’s substantial size and lot relative to its peers, as determined for municipal tax purposes.
3. Is the 1954 build date a concern?
The home is of a vintage common in Winnipeg. While it is older than many homes in the immediate Minnetonka area, it is around the city-wide average age. This typically means potential maintenance or update considerations, balanced by the character and build quality of the period.
4. How private or usable is the lot?
The lot is a key feature at 9,717 sqft, significantly larger than the city average. It offers ample backyard space for recreation, gardening, or future additions, providing a level of privacy and outdoor potential that is increasingly rare.
5. What is known about past sale prices?
Public records indicate a sale between $250,000 and $300,000 in 2016. For the exact historical sold price, you can request the information via email from the listing service.