Property Overview: 142 Wisteria Way, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Riverbend home, built in 2006, presents a compelling blend of space, modern age, and established value. Its primary appeal lies in its strong positioning within the broader neighborhood and city context, rather than standing out on its immediate street.
The 1,617 sqft living area is notably above average for both the Riverbend neighborhood (top 15%) and Winnipeg overall (top 25%), offering more interior space than many comparable homes. This is paired with a 2006 build year, which is newer than most homes in the area (top 7% in Riverbend), suggesting modern construction standards and potentially lower immediate maintenance needs than older stock.
The assessed value of $472k aligns with this, sitting above neighborhood and city averages. A thoughtful perspective for buyers is the lot size: at 4,394 sqft, it is more compact than others on Wisteria Way, which could mean less yard upkeep—a potential advantage for those seeking a low-maintenance outdoor space without sacrificing interior size.
This property would suit buyers looking for a move-in ready, modern home in a desirable established neighborhood, who prioritize generous living space over a large yard. It’s a solid, above-average offering for the area, ideal for professionals or small families seeking a balance of comfort and convenience.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $350k-$400k in July 2017. Current assessed value is $472k, which is slightly below the current street average of ~$494k, potentially indicating room for equity growth as it aligns with the market.
2. Is the property smaller than others on the block?
The living area is slightly below the street average but above the neighborhood average. The land size, however, is notably smaller than most lots on Wisteria Way. This means you get a spacious home on a more manageable plot.
3. What does the “above average” ranking for the neighborhood really mean?
For key metrics like living area, year built, and assessed value, this home ranks within the top 15-16% of similar properties in all of Riverbend. This indicates it’s a superior property within a sought-after area, not just on its own street.
4. The home is nearly 20 years old. What should I consider?
A 2006 build is considered modern for Winnipeg. It likely has contemporary wiring, plumbing, and insulation standards. Major components like the roof or HVAC may be nearing their typical lifespan, so a thorough inspection is advised.
5. How can I verify the exact historical sold price?
The provided sold price is an estimate from public data. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as they do not display MLS records directly.