Property Overview: 107 Pinetree Crescent, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1989-built home in Riverbend presents a practical and competitively positioned offering. With 1,098 sqft of living space, it sits comfortably around the average for its street and the wider city, though it is slightly below the average for the Riverbend neighborhood itself. Its assessed value of $362K is notably below average for both the street and area, potentially indicating room for value-conscious entry into a desirable community. The lot size of 3,990 sqft is smaller than most comparable properties, which translates to less yard maintenance—a feature some buyers may prefer.
The home’s core appeal lies in its established location and relative value. It suits first-time buyers or downsizers seeking a foothold in a mature neighborhood without a premium price tag. The data suggests it’s a home that offers "neighborhood" over "estate," appealing to those who prioritize community and location square footage over having the largest house or yard on the block. Its recent sale history shows significant equity growth since 2017, pointing to the area's stability.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value ($362K) is for municipal tax purposes. Recent sales data shows homes on this street selling between $400K-$450K, which is a more current market indicator.
2. How does the smaller lot size impact this property?
The lot is smaller than most in the area. This means less outdoor maintenance and potentially a more manageable yard, but also less private space for gardening, play, or expansion compared to neighbors.
3. The home seems average in size and value. Where is the upside?
The upside is in the location and entry point. You are buying into a street and neighborhood where most homes are valued higher, at a price below those averages. This can be a strategic way to access a well-regarded area.
4. Are exact past sale prices available?
The site provides sold price ranges. To obtain the exact historical sale figures, you must request them directly via email, as they are not sourced from the MLS system.
5. How does the age of the home (1989) factor in?
Built in 1989, the home is newer than the average Winnipeg house but typical for Riverbend. Buyers should anticipate maintenance and updates consistent with a home of this vintage, such as windows, roof, or mechanical systems, which may be nearing or past their typical lifespan.