Property Overview: 188 Red River Boulevard W, Winnipeg
Section 1: Key Characteristics & Buyer Appeal
This 1987-built home in Riverbend is a compact, 850 sqft property on a 3,999 sqft lot. Its key characteristic is its position as a more modest and affordable option within its context. While its living space and lot size are below average for both the street and the wider neighborhood, its assessed value of $327k is notably below the local averages, offering a relative value entry point into the area.
The appeal lies in its efficiency and location. It suits first-time buyers or downsizers seeking a lower-maintenance property in a well-established neighborhood without the premium price tag of larger homes on the same boulevard. A thoughtful perspective is that its smaller scale could mean lower utility costs and property taxes compared to immediate neighbors, aligning with a practical, budget-conscious lifestyle. It’s a home for those who prioritize location and financial accessibility over square footage, potentially offering a liveable footprint that encourages a simpler, less cluttered living environment.
Section 2: Frequently Asked Questions
1. Is this home significantly smaller than others nearby?
Yes. At 850 sqft, the living area is below the average for Red River Boulevard W (1,166 sqft) and the Riverbend neighborhood (1,288 sqft). It represents one of the more compact floor plans in the immediate area.
2. How does its value compare to similar homes?
Its assessed value ($327k) is below the street average ($397.6k) and neighborhood average ($410.2k), but is close to the citywide average (~$390.1k). This suggests it is priced more accessibly within its own desirable locale.
3. What is the lot size, and what does it allow for?
The lot is 3,999 sqft, which is smaller than most on the street and in the neighborhood. It is suitable for a manageable yard but may have limitations for large additions or extensive outdoor amenities compared to neighboring properties.
4. Are recent sale prices available for this property?
Public records indicate it sold in June 2024 and previously in November 2023. For precise sale figures, a manual lookup via the site’s email request service is required, as exact MLS data is not published online here.
5. What are the less obvious considerations for a home of this size and age?
Built in 1987, it is newer than many Winnipeg homes but will still require attention to aging components like the roof, windows, and major systems. The smaller footprint means efficient use of space is critical; storage and layout functionality should be carefully evaluated. Its value proposition is tightly linked to the land and location, so the condition of the structure itself and any recent updates will be key factors in its valuation.