Property Overview
148 Swinford Way is a well-situated home in Winnipeg's Riverbend neighborhood, built in 2004. The property presents a compelling mix of above-average living space and modern construction, balanced against a more compact lot size. Its appeal lies in its strong positioning within a desirable area, offering a turnkey option in a community of newer homes.
Key Characteristics, Appeal & Ideal Buyer
This home's key characteristic is its consistent above-average performance in core metrics for its neighborhood and city. With 1,533 sqft of living area, it ranks in the top 20% of Riverbend, providing more interior space than most local comparables. Its 2004 build date is newer than about 85% of Winnipeg homes, suggesting modern building standards and potentially lower immediate maintenance needs. The assessed value of $494k places it in the top 9% for the neighborhood, indicating a perceived premium over many surrounding properties.
The appeal is rooted in its efficient use of space on a smaller lot (4,280 sqft). Buyers gain a modern, spacious interior without the burden of extensive yard maintenance. It suits professionals, small families, or downsizers seeking a low-maintenance lifestyle in a stable, newer suburban area. A thoughtful perspective is that while the lot is smaller than some on its street, this often translates to lower property taxes and less upkeep, which can be a practical advantage. The home’s value is firmly anchored in its desirable Riverbend location, where it outperforms area averages, offering a sound investment in a sought-after community.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is below the average for Swinford Way and Riverbend, it is near the citywide average. This typically means less yard maintenance but may limit expansion possibilities or private outdoor space compared to immediate neighbors.
2. What does the assessed value tell us about the property?
An assessed value in the top 9% for the neighborhood generally reflects the municipality's view that it is a higher-value home within Riverbend. This can be a marker of desirability, but it's important to compare this figure to recent actual sale prices for a complete market picture.
3. The home sold in late 2019. How is that price context relevant?
The prior sale price (listed in the $350k-$400k range) provides a historical benchmark. Market conditions have likely shifted since then, so this figure primarily helps illustrate the property's appreciation trajectory and should be compared with a current professional valuation.
4. Is the 2004 build date a significant advantage?
Yes. Built in 2004, the home is newer than approximately 85% of homes in Winnipeg. This often means modern construction materials, updated electrical and plumbing standards, and potentially more recent major components like the roof and HVAC, reducing near-term capital costs.
5. How can I verify the exact historical sold price?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact figures via email from the site provider, who will perform a manual lookup. This is a common practice for accessing non-MLS transaction data.