Property Overview: 23 Signet Road, Riverbend, Winnipeg
Key Characteristics & Buyer Appeal
This is a well-situated, modestly-sized home in Winnipeg's Riverbend neighborhood. Built in 1994, it is a newer construction compared to many city-wide averages. The key characteristic is its efficient scale: with 946 sqft of living space and a 4,004 sqft lot, it is consistently below the average size for its street, neighborhood, and city. This translates to a more manageable property with less upkeep.
The appeal lies in its position as a potential value entry point into a stable area. Its assessed value of $349k is below average for Riverbend and Signet Road, yet it aligns with the broader Winnipeg average. This suggests an opportunity for buyers seeking affordability within a mature community. The home last sold between $250k-$300k in late 2019, indicating a history of being a competitively priced option.
This property would best suit first-time buyers, downsizers, or investors looking for a lower-maintenance footprint without sacrificing location in an established neighborhood. It’s a practical choice for those who prioritize financial accessibility and a simpler layout over expansive square footage. A less obvious perspective is that its consistent "below average" size and value metrics might offer a buffer against higher property taxes and utility costs associated with larger homes, appealing to budget-conscious long-term planning.
Frequently Asked Questions
1. Is this home significantly smaller than its neighbors?
Yes. The living area is below the average for Signet Road, Riverbend, and Winnipeg overall. It is a more compact home, which is reflected in its assessment and likely its price point.
2. How does its assessed value compare?
At $349,000, the assessment is below the average for both its street and the Riverbend neighborhood. However, it is very close to the average assessed value for comparable homes across the entire city.
3. When was it last sold and for approximately how much?
The property sold in October 2019. The public price data shows a sold price range of CA$250,000 to $300,000. For an exact sale price, you must request the information directly via email from the site.
4. What is the lot size, and is it typical for the area?
The lot is 4,004 sqft, which is below the average for the street, neighborhood, and especially the city. This is consistent with the home's overall efficient scale.
5. How does the year built compare to other homes?
Built in 1994, it is around average for Signet Road and Riverbend. City-wide, however, it is considered newer than average, as many Winnipeg homes are older.