Property Overview: 23 Riverwest Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 23 Riverwest Road is a study in established, comfortable living within Winnipeg's Riverbend neighborhood. Built in 1992, it presents as a solidly average offering in its immediate area, which can be a strategic advantage for buyers seeking predictability and value. The 1,147 sqft living space is slightly below the street average but aligns closely with neighborhood and city norms, suggesting a manageable layout without excessive upkeep. Its assessed value of $423k sits consistently in the middle range for its street and area, indicating a fair market position without premium pricing.
The appeal lies in its stability and location within a mature community. The lot size is typical for the street, offering standard outdoor space. A less obvious perspective is that its "average" metrics across the board may signal a lower risk of overpaying for inflated neighborhood trends, making it a pragmatic choice. The home recently sold for an estimated $450k-$500k, a price that placed it in the top 10% of sales on its street, suggesting buyers saw value beyond the raw statistics, possibly in updates, condition, or specific lot features.
This property would suit first-time buyers or downsizers looking for a move-in-ready home in a settled area without unexpected extremes. It’s for those who prioritize a straightforward purchase in a known quantity neighborhood over a standout feature or a fixer-upper project.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,147 sqft, it is slightly smaller than the immediate street average (1,238 sqft) but is very close to the Riverbend neighborhood average. It offers a space footprint that is common and functional for the area.
2. Is the assessed value a good indicator of the market price?
The assessed value of $423k is a municipal tax valuation. The home sold for an estimated $450k-$500k, which was notably higher than most recent sales on the street. This indicates the market price was influenced by factors beyond the basic assessment, such as condition, updates, or buyer demand.
3. What does the "Top X%" ranking mean for the year built?
A ranking in the "Top 56%" for year built on its street means 44% of comparable homes on Riverwest Road are newer. However, city-wide, it ranks in the top 21%, meaning it is newer than roughly 79% of comparable Winnipeg homes, placing it in a relatively modern cohort overall.
4. How does the lot size impact potential?
The 5,199 sqft lot is very typical for both the street and the Riverbend area. It provides standard outdoor space but is smaller than the city-wide average for comparable homes. This is typical for its neighborhood and is not unusually constrained.
5. Where can I find the exact sold price and history?
The exact sold price is not publicly displayed due to data source restrictions. You can request the full transaction history and exact figure directly via email from the site, which will provide manually verified data.