Property Overview: 7 Riverbend Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 7 Riverbend Avenue in Minnetonka presents a compelling blend of modern build age and established value. Built in 1987, it is notably newer than most homes on its street and in the wider area, which often translates to fewer concerns about major aging components and potentially more contemporary layouts. With 1,473 sqft of living space, it offers roominess that is consistently above average for its immediate street and aligns with typical city sizes.
The property’s standout feature is its strong assessed value, which ranks in the top 10% on Riverbend Avenue and above average in broader comparisons. This suggests it is viewed as a substantial asset relative to its peers. The lot size of 6,830 sqft is comfortably above the Winnipeg average, providing good outdoor space, though it is more modest compared to some larger lots within the Minnetonka area itself.
Its appeal lies in this balance: a relatively newer home in an established neighbourhood, offering solid square footage on a decent lot, with a valuation that indicates it has been well-regarded. It would suit practical buyers looking for a move-in-ready home without the uncertainties of an older property, as well as value-conscious purchasers who appreciate a home that stands out positively in key financial metrics within its community.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It means the municipal property assessment for this home is higher than most comparable homes on its street and in the area. This often reflects the property’s market value potential, but it’s important to note that assessed value is used for calculating taxes and is not the same as a current market appraisal.
2. The home was built in 1987. Are there any common issues for homes of this age?
While newer than many Winnipeg homes, a 1987 build may still have original components nearing the end of their lifespan, such as the roof, windows, or major appliances. A thorough inspection is recommended to assess the condition of these elements.
3. How does the lot size compare to what’s typical?
The lot is larger than the average Winnipeg property but slightly smaller than the average for the Minnetonka area. This means you get generous private outdoor space by city standards, though some immediate neighbours may have larger yards.
4. The home sold in 2022. Why is the exact price not listed publicly?
Exact sale prices in Manitoba are not part of the public record. The provided price range is an estimate based on available data. The exact price can be requested directly from the listing service.
5. The living area is “around average” in rankings. Is the space adequate?
Yes. The square footage is very close to the city-wide average and is actually above average for its specific street. It indicates a comfortably sized home that should meet the needs of a typical family or household without feeling cramped.