Property Overview: 18 Peter Herner Bay, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a study in balanced, middle-market value within Winnipeg's Riverbend neighborhood. Built in 2002, its construction date is notably newer than most homes in the city and on par with the newer builds on its own street. With 1,162 sqft of living space, the interior is slightly more compact than many direct neighbors but aligns closely with the neighborhood and city averages, suggesting a practical, manageable layout.
The primary appeal lies in its position as a stable, turn-key property in a well-established area. The assessed value of $427k sits below the street average but above the citywide average, indicating you may get more home for your dollar here than in many parts of Winnipeg, without the premium of the street's largest properties. It suits first-time buyers or downsizers seeking a modern build (post-2000) with lower maintenance, and value-focused buyers who prioritize a solid neighborhood foundation over having the biggest house on the block. A thoughtful perspective is that its "around average" metrics across several categories could mean less volatility and more predictable long-term value, appealing to those seeking a sensible, low-drama investment.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,162 sqft, the living area is slightly below the average for Peter Herner Bay but is very close to the averages for both the wider Riverbend neighborhood and the city of Winnipeg. It represents a moderately sized, efficient floor plan.
2. Is the assessed value reasonable for the area?
The $427k assessment is below the average for its immediate street but above the averages for the neighborhood and the city. This suggests the property is valued in line with the broader area, potentially offering a relative value compared to its closest neighbors.
3. What is the significance of the 2002 build year?
Built in 2002, this home is newer than approximately 83% of comparable homes across Winnipeg. This typically implies modern construction standards, potentially newer major systems (like roof, windows, HVAC), and less immediate need for major updates compared to older inventory.
4. What do the past sale prices indicate?
The home sold previously in 2019 for between $300k-$350k and again in 2023 for between $400k-$450k. This indicates a clear appreciation in value over that four-year period, consistent with broader market trends.
5. How can I verify the exact historical sale prices?
The public data provided shows price ranges. For fully verified and exact sale figures from the transaction history, you must request a manual lookup from the site provider via email, as MLS data is not displayed here.