Property Overview: 224 Red River Boulevard W, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1989-built bungalow in Riverbend offers a practical, entry-level opportunity in a well-established neighborhood. With 861 square feet of living space, the home is notably compact, ranking below average in size for its street, neighborhood, and city. This characteristic defines its core appeal: it is a manageable, lower-maintenance property with an assessed value ($368k) that is competitive city-wide.
The appeal lies in its efficient use of a generous 6,120 sqft lot, which is above average for the Riverbend area, offering valuable outdoor space and potential. The home is newer than most in Winnipeg, suggesting potentially fewer immediate concerns related to aging infrastructure. It suits first-time buyers, downsizers, or investors seeking a foothold in a stable neighborhood without the upkeep of a larger house. The recent sale history indicates steady appreciation, and its below-average size and value for Riverbend could represent a relative value proposition for those prioritizing location and land over square footage.
Frequently Asked Questions
1. Is the living area too small for a couple or small family?
While compact at 861 sqft, the layout and functionality are key. It may suit a couple or a small family depending on the floor plan efficiency. The generous lot size offers potential for future expansion, subject to permits and zoning.
2. How does the assessed value compare to recent sale prices?
The current assessed value is $368k. The property last sold in August 2021 for between $350k-$400k. For precise, verified sale figures, you can request a manual lookup via email from the site.
3. What are the implications of the home being "below average" in size for the area?
This typically means a lower utility cost and less maintenance. It can also translate to a more affordable entry point into the neighborhood compared to larger homes on the same street, though it may affect resale value relative to bigger properties.
4. The lot is large for the neighborhood. What does that mean for me?
An above-average lot size in Riverbend is a significant asset. It provides more private outdoor space, better potential for gardening, parking, or storage, and could allow for additions like a shed, deck, or even a future home expansion.
5. How current and reliable is this sold price data?
The provided sold price ranges are based on publicly available data, not the MLS. For fully verified and exact transaction history, you must request a manual email lookup from the site provider, as industry rules prevent displaying official MLS records here.