Property Overview: 8 Riverbend Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 8 Riverbend Avenue in Minnetonka presents a balanced offering centered on its generous lot and established neighbourhood. Built in 1961, the 1,120 sqft house sits on a notably large 8,531 sqft property, a standout feature that ranks within the top 10% of lot sizes citywide. While the living space is modest compared to some immediate neighbours, the assessed value is strong for its street, ranking in the top 30%. This suggests the property is valued for more than just its interior square footage.
The primary appeal lies in its land potential and stable positioning. The large lot offers ample outdoor space, room for additions, or gardening, which is increasingly rare in urban settings. Its value holding strong on Riverbend Avenue indicates a well-regarded location. This property would best suit a practical buyer who values outdoor space over a large, modern interior—perhaps a first-time homeowner comfortable with a home from the 1960s, someone looking for a long-term property with room to grow, or an investor attracted by the underlying land value in a consistent area.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
The living area is slightly below the average for both the street and the wider Minnetonka area. The appeal is balanced more toward the substantial lot size rather than a large interior footprint.
2. Is the assessed value high or low?
The assessed value of $42,400 is above average for Riverbend Avenue itself (top 30%), indicating it is a relatively higher-valued property on its own street. It sits around the middle range when compared to the broader Minnetonka area and city.
3. What does the lot size ranking mean?
The 8,531 sqft lot is a key feature. It’s larger than most lots in the city, ranking in the top 10% citywide and the top 28% within Minnetonka. This is a significant asset for privacy, outdoor activities, or future expansion.
4. The home was sold between 2016 and 2025. Can I get the exact price?
The exact sold price is not publicly listed. The listing service offers to provide the precise figure via email upon request, stating they aim to reply manually by the end of the same day.
5. How does the age of the home affect its value?
Built in 1961, the home is older than most in Minnetonka (ranking in the bottom 13% for the area). This typically means potential for older systems and style, but it is compensated for by the established neighbourhood and the valuable lot size, which is reflected in its solid assessed value for the street.