Property Overview
This home at 18 Riverstone Road in Winnipeg’s Riverbend neighborhood presents a balanced offering of space and value. Built in 1988, its key strength is a generous 8,128 sqft lot, which ranks in the top 8% of the neighborhood, providing significant outdoor potential. The 1,631 sqft living area is consistently above average for its street and wider area, offering more interior space than many comparable homes. With an assessed value of $433k, it sits at a moderate point—neither the highest nor the lowest on the block—suggesting a fair market positioning.
The appeal lies in this balance: you get a larger-than-average property footprint and living space without the premium price tag of the area’s highest-valued homes. It would suit practical buyers looking for room to grow, garden, or entertain outdoors, as well as those who value a home that stands above its immediate peers in terms of sheer lot size and living area. It’s a sensible choice for someone prioritizing space and long-term utility over a brand-new build or a top-tier assessed value.
Frequently Asked Questions
How does this home’s value compare to recent sales on the street?
It last sold between $400k-$450k in late 2020. With a current assessed value of $433k, it ranks 9th out of 40 on Riverstone Road, placing it above the street’s average assessed value of approximately $374k.
Is the lot size a significant feature?
Yes. The 8,128 sqft lot is notably larger than both the street and neighborhood averages (5,084 sqft and 5,255 sqft, respectively). This places it in the top 8% of lots in Riverbend, offering more privacy and potential for landscaping, additions, or outdoor living than most nearby properties.
How does the living space compare to the area?
The 1,631 sqft of living area is above average at every level—street, neighborhood, and city-wide. It provides substantially more space than the typical home on Riverstone Road (avg. 1,216 sqft) and in Riverbend (avg. 1,288 sqft).
Is the year built a concern?
Built in 1988, it is typical for the street (average 1989) and neighborhood (average 1993). While not a new build, it is actually newer than the city-wide average for comparable homes (1966), suggesting it may have more modern fundamentals than many Winnipeg houses.
Where can I get verified sale price history for this property?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures by emailing the provided contact; they will manually look up and send the information.