Property Overview
This home at 20 Ben Hewak Bay in Winnipeg's Riverbend neighborhood presents a solid, middle-of-the-road property with a few standout features. Its appeal lies in its established yet relatively modern construction and its position within a desirable area. The data suggests a home that isn't the largest or most expensive on its street but offers consistent quality and value above the wider neighborhood and city averages.
Key Characteristics & Ideal Buyer
The home, built in 2003, is notably newer than most in Winnipeg and is the newest among its direct street comparables. With 1,277 sqft of living space and a 5,417 sqft lot, its size is average for the street and city but above average for the Riverbend area. The assessed value of $475k sits above both neighborhood and city averages, indicating perceived value in its location and condition.
This property would suit a practical buyer looking for a move-in-ready home in a mature neighborhood without needing a major renovation. It’s ideal for someone who values a home that is newer than the city's typical stock, offering modern infrastructure while being part of an established community. The data shows consistent value appreciation through its recent sale history, making it a sensible choice for a buyer seeking a stable, long-term investment in a well-regarded area.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home's assessed value is above average for both the Riverbend neighborhood and the city of Winnipeg as a whole. On its specific street, however, it ranks closer to the middle, suggesting you are paying a premium for the location and newer build within a street of similarly valued homes.
2. Is the house particularly large or small?
The living area is very close to the neighborhood and city averages. It is smaller than the average home on Ben Hewak Bay itself, so buyers should prioritize efficient layout over sheer square footage.
3. What does the sale history tell us?
It sold in 2021 for between $450k-$500k and in 2020 for $350k-$400k. This shows strong appreciation over that period, and its current assessed value is consistent with the upper end of that 2021 sale range.
4. How does the lot size compare?
The lot is above average for the Riverbend area but slightly smaller than the average lot on its own street. It offers a good suburban yard size without being excessive in maintenance.
5. The home is listed as "newer" – how significant is that?
Built in 2003, it is significantly newer than the average Winnipeg home (1966) and is the newest among the 29 comparable homes on its street. This is a key advantage, potentially meaning fewer immediate repairs and more modern building materials and systems compared to much of the available housing stock.