Property Overview: 24 Riverwest Road, Winnipeg
Key Characteristics & Appeal
This 1,462 sqft home, built in 1990 on a standard 5,199 sqft lot in Riverbend, presents a solid, middle-of-the-road offering in the Winnipeg market. Its primary appeal lies in its efficient use of space and established neighborhood setting. The living area is notably above average for both its immediate street and the wider Riverbend area, suggesting a home that offers more interior room than many of its direct peers. With an assessed value of $403k, it sits at a value-oriented point—priced below the average for its street but aligning closely with neighborhood and city averages. This creates a scenario where you may get more house for your dollar on this specific block compared to neighbors.
The home would suit practical buyers looking for a move-in ready footprint in a mature neighborhood without paying a premium for a newer build or a larger lot. It’s a sensible choice for first-time homeowners or downsizers who prioritize interior space over a more prestigious address or a brand-new property. A thoughtful perspective is that its "below average" assessed value on the street could indicate an opportunity for equity growth as the home is brought in line with street norms, or it may reflect the home’s specific condition or updates relative to others.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on assessed values, this home is ranked below the street average, while offering a living area that is above the street average. This suggests you may get more interior space per dollar here than with many neighboring properties.
2. How does the lot size compare?
The lot is approximately 5,200 sqft, which is very typical for the street and the Riverbend neighborhood, but slightly smaller than the citywide average for comparable homes.
3. When was it last sold and for how much?
Public records indicate a sale between June and July of 2017, with a sold price in the range of $350,000 to $400,000. For fully verified and exact historical sale figures, a manual lookup through the site is required.
4. Is the home older than others nearby?
Built in 1990, it is slightly older than the average home on Riverwest Road (avg. 1995) but is newer than the average comparable home across the entire city of Winnipeg.
5. Where can I see how this property compares visually to the neighborhood?
The listing provides a link to a detailed neighborhood analysis page, which maps the property alongside nearby homes and allows for visual comparison of metrics like year built, living area, and lot size.