Property Overview: 135 Vince Leah Drive, Winnipeg
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Riverbend neighborhood. Its key characteristic is a manageable, compact size of 939 sqft, which is notably below the average for the street, area, and city. This positions it as an efficient, lower-maintenance space. The assessed value of $389k is consistently around the average benchmark at every comparison level, suggesting a fair and stable market valuation without premium pricing.
The appeal lies in its balance and potential. Built in 1989, it is newer than most Winnipeg homes and slightly newer than others on its street, which may imply fewer immediate concerns with aging infrastructure. While the living space is modest, the lot size is competitive within the neighborhood. Recent sale history shows strong value appreciation, with the last sale in mid-2022 ranking in the top 20% city-wide for its price at the time. This home would suit first-time buyers, downsizers, or investors seeking an entry into a stable neighborhood without overpaying for square footage. It’s for those who prioritize location and lot over a large interior and see the value in a home that is newer than many of its peers.
Frequently Asked Questions
1. Is the below-average living area a concern?
It's a defining feature. For buyers seeking a cozy, efficient home with lower utility and upkeep costs, it's an advantage. For those needing ample room for a growing family or home offices, it will feel compact and may require creative use of space.
2. How does the assessed value relate to the likely selling price?
The assessed value ($389k) is for municipal tax purposes and is a guideline. The last sold price in 2022 was between $450k-$500k, which ranked highly. The current market will determine the final price, but the data suggests a history of strong market value relative to its assessment.
3. What does the "newer than average" build year mean for me?
A 1989 build is relatively recent for Winnipeg's housing stock. This can be positive, potentially indicating updated building standards, wiring, and plumbing compared to much older homes, possibly deferring major renovation timelines.
4. The lot size seems average for the area. Is there outdoor potential?
At just under 5,000 sqft, the lot is in line with Riverbend. It offers typical suburban outdoor space for a garden, patio, or play area, but isn't an exceptionally large parcel. Its value is in being a decent-sized lot paired with a smaller home footprint.
5. Where can I get verified historical sale prices for this property?
The provided sale prices are estimated ranges from public data. For exact, verified sale figures and a full transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system displayed here.