Property Summary: 111 Wisteria Way, Winnipeg
Key Characteristics & Appeal
This 2006-built home in Riverbend presents a compelling mix of space, value, and potential. Its most standout feature is the land: at over 14,000 sqft, the lot size is in the top 2% on its street and top 1% in the neighborhood, offering exceptional outdoor space and privacy that is rare for the area. With 1,487 sqft of living area, the home itself is above average for Riverbend but slightly more modest compared to its immediate street, suggesting a property where the land may be a greater asset than the current structure.
Its appeal lies in this balance. The assessed value of $512k is consistently above average at the neighborhood and city level, indicating strong underlying value. The home suits two primary types of buyers: those who prioritize a large, versatile yard for family, gardening, or future expansion; and value-conscious buyers looking for a solid home in a desirable neighborhood without paying for the largest house on the block. A thoughtful perspective is that this property may represent an "in-between" opportunity—more established than a new subdivision lot, but with a newer build year (2006) than much of the city's housing stock, potentially offering a good balance of modern infrastructure and mature surroundings.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
While the home’s living area is above the neighborhood average, it is below the average for Wisteria Way itself. This means you’re getting a well-sized home for Riverbend, but on a street where many houses are larger.
2. What does the "Elite" lot ranking actually mean for me?
The lot is exceptionally large for the area. This translates to more privacy, ample room for additions like a deck, shed, or garden, and potentially more future flexibility than typical properties in Winnipeg.
3. The sold price shows a range. How can I find the exact figure?
The displayed sold price range is based on public data. To receive the verified, exact sale price from December 2023, you can request it by email from the site, as MLS records are not published directly.
4. Is the assessed value a reliable indicator of the market price?
The assessed value ($512k) is for municipal tax purposes and is above area averages, which is a positive sign of the property’s formal valuation. However, market price is determined by current conditions and should be verified with a real estate professional.
5. The home is newer than most in Winnipeg. What are the implications?
Built in 2006, the home is significantly newer than the Winnipeg city average (1966). This often suggests updated building materials, systems, and layouts, potentially leading to lower immediate maintenance costs compared to much older homes.