Property Overview: 201 Ridgecrest Avenue, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This 975 sqft bungalow, built in 1959, presents a practical opportunity in Winnipeg's Riverbend neighborhood. Its primary appeal lies in value and potential. With an assessed value of $333k, it sits below the neighborhood average, suggesting a more accessible entry point into the area. The lot size is a standout feature—at over 6,000 sqft, it's notably larger than most in Riverbend, offering valuable outdoor space or future expansion potential rare for the price point.
The home suits first-time buyers or practical downsizers looking for a solid foundation in a stable neighborhood without a premium price tag. Its smaller living area compared to nearby homes indicates a cozier, more manageable layout, which can be a benefit for those seeking lower utility costs and less upkeep. The recent sale in 2022 within the $250k-$300k range further highlights its role as a value-oriented property. It’s a home for someone who sees the underlying assets—the generous lot and location—and is comfortable with a property that may require updates or personalization.
Section 2: Frequently Asked Questions
1. Is the smaller living area a significant drawback?
While below area averages, the 975 sqft size represents a manageable and efficient layout. For many buyers, this translates to lower heating/cooling costs and less maintenance, which can be a deliberate advantage rather than a shortcoming.
2. How does the lot size compare to others?
This is a key strength. At 6,038 sqft, the lot is larger than approximately 82% of properties in the Riverbend neighborhood, offering more private outdoor space than is typical.
3. What does the assessed value tell me about the price?
The $333k assessment is below the Riverbend average but aligns closely with the city-wide average. This often indicates the property is priced for the broader Winnipeg market, potentially offering more value within this specific, often pricier, neighborhood.
4. The home was built in 1959. What should I consider?
Built in the late 1950s, it’s around the city-wide average age. This typically means well-understood construction methods but warrants a close inspection for original major systems (like plumbing, electrical, and the roof) which may be nearing or past their typical lifespan.
5. Can I find out the exact past sale price?
The public data shows a sale in August 2022 in the $250k-$300k range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS data directly.