Property Overview: 172 Red River Boulevard W, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, well-situated property in Winnipeg's Riverbend neighborhood. Its primary characteristic is its modest size, with a living area of 694 sqft that places it well below average for the street, neighborhood, and city. Built in 1987, it is slightly newer than many homes on its street and notably newer than the Winnipeg average. The assessed value of $356k is below average for Riverbend but aligns closely with the citywide average, suggesting its value is more tied to its location than its square footage.
The appeal lies in its efficiency and location. It represents a more accessible price point within a desirable area, ideal for a first-time buyer, an investor, or someone looking to downsize without leaving the neighborhood. The lot size, while smaller than others on the boulevard, is still manageable. A thoughtful perspective is that this property offers a chance to own in a prime area where the land value is a significant component, with the home itself representing a potential canvas for renovation or expansion for the right buyer. It suits pragmatic purchasers who prioritize location over size and see potential in a solid, newer-than-average foundation.
Section 2: Frequently Asked Questions
1. Is this a small house compared to its neighbors?
Yes, significantly. At 694 sqft, its living area is ranked in the bottom 7% in Riverbend and is roughly half the size of the average home on Red River Boulevard W.
2. How does its value compare?
Its $356k assessment is below the neighborhood average but very close to the Winnipeg citywide average. This indicates you are paying a premium for the Riverbend location, but the price is moderated by the home's smaller size.
3. What is the potential for future expansion?
The lot size (4,285 sqft) is smaller than the street average but may offer some scope for an addition, subject to local zoning and building regulations. Its newer construction (1987) means major systems are potentially more modern than in many city homes.
4. What do the recent sale prices indicate?
It last sold between $350k-$400k in late 2022, which was a top-tier price for the area at that time. A previous sale in early 2020 was between $250k-$300k, showing significant appreciation in a short period, likely reflecting broader market trends.
5. How accurate is the provided sales data?
The site notes its sold price data is from public sources, not the MLS, and has had limited verification. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email.