Property Overview
215 Wisteria Way presents a well-proportioned family home in Winnipeg's Riverbend neighborhood. Its primary appeal lies in offering above-average space and modern construction within a stable, established area. Built in 2006, the 2,065 sqft home provides significantly more living area than most in Riverbend, ranking in the top 1% for the neighborhood. While its assessed value of $498k is consistent with its immediate street, it positions the property as a premium option within the wider community, ranking in the top 8% locally. The lot size is typical for the area. This home suits buyers looking for a move-in ready property from the 2000s that offers more interior space than the neighborhood norm, without necessarily requiring the largest yard. It’s a practical choice for growing families or professionals who value modern amenities and efficient use of interior square footage over extensive outdoor space.
Frequently Asked Questions
How does this home’s size truly compare to others?
While its living area is above average city-wide, it’s notably spacious for Riverbend, ranking in the elite top 1% for the neighborhood. On its own street, however, it is just above the average, meaning you get a larger home without being an outlier on the block.
Is the assessed value a good indicator of the selling price?
The assessed value ($498k) is used for tax purposes and is a useful benchmark. It sits very close to the street average, suggesting it’s priced in line with its immediate peers. For a precise market value, a comparative market analysis with a real estate professional is recommended.
What does the 2017 sale history tell us?
The home sold between $400k-$450k in 2017. The increase to the current assessed value reflects broader market appreciation over seven years. To understand the exact sale price and any subsequent improvements, you can request the verified transaction history.
How does the lot size impact this property?
At 5,133 sqft, the lot is slightly smaller than the street average but typical for Riverbend. This indicates the property’s value is driven more by the home's size and condition than by the land itself, which may appeal to those preferring lower maintenance.
Is the year built a significant advantage?
Built in 2006, the home is newer than most in Winnipeg and significantly newer than the average for Riverbend. This often translates to modern building standards, layouts, and systems, potentially reducing immediate renovation needs compared to older area homes.