Property Overview: 15 Red Maple Road, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1988-built home in Riverbend presents a compact and efficient living space of 778 sqft on a 3,000 sqft lot. Its assessed value of $314k sits below the averages for both its street and neighborhood, yet aligns more closely with the wider Winnipeg average. The home’s primary appeal lies in its value positioning. It offers an entry point into a well-established neighborhood at a price point that is notably accessible for the area. This is a property where you are purchasing location and community over square footage.
The home would suit first-time buyers seeking affordability in a mature area, downsizers looking to rightsize without leaving a desirable neighborhood, or pragmatic investors interested in a stable rental property. A thoughtful perspective is that its smaller scale can mean lower utility costs, less maintenance, and a simpler lifestyle. While its living area is modest compared to most nearby homes, this can translate to a focused and efficient use of space, potentially offering a cozy, low-maintenance footprint in a community of larger, higher-value properties.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and provides a benchmark. Given that it is below local averages but near the city average, the final sale price will depend on market conditions, the home’s interior condition, and buyer demand for well-located, smaller homes.
2. How does the smaller living area compare to nearby sold homes?
The home’s living area is significantly smaller than most recent sales in Riverbend, which typically range from 1,094 to over 2,000 sqft. This is a key factor in its lower assessed value and represents a different type of housing stock within the neighborhood.
3. What are the implications of the lot size?
At 3,000 sqft, the lot is smaller than most in Riverbend and the city. This likely means a smaller yard, which reduces outdoor maintenance. It’s worth considering how the outdoor space meets your needs for privacy, gardening, or recreation.
4. Can I see the exact historical sold price for this property?
The site shows a sold price range from 2020. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup via email, as this data is not displayed directly on the site per industry rules.
5. The home is described as "below average" for the area in several metrics. Is this a concern?
Not necessarily. These metrics simply quantify how the home differs from the norm. For the right buyer, being "below average" in size and value is the source of its opportunity, providing access to Riverbend at a more attainable price than a larger, standard home in the same location.