Property Overview: 27 Red Maple Road, Riverbend, Winnipeg
Key Characteristics & Appeal
This 770 sqft bungalow, built in 1988 on a 3,600 sqft lot, presents a specific and practical value proposition. Its primary appeal lies in its efficient scale and relative affordability within the desirable Riverbend neighborhood. While its living space is notably below average for both the area and the city, this translates to lower utility costs and minimal upkeep. The assessed value of $337k is comfortably below the neighborhood average, offering an entry point into a well-regarded community where many homes are valued significantly higher.
The home suits first-time buyers or downsizers seeking a manageable property without sacrificing location. It’s also a pragmatic choice for investors looking for a lower-priced rental in a stable area. A thoughtful perspective is that its smaller footprint and lot size are actually aligned with the street itself, making it a typical offering for Red Maple Road rather than an outlier. This creates a consistent streetscape and predictable neighborhood character. Its above-average age ranking city-wide suggests it’s a newer home compared to much of Winnipeg’s housing stock, potentially meaning fewer major age-related updates in the near term.
Frequently Asked Questions
1. Is the living area too small?
At 770 sqft, the home is compact. It’s best suited for individuals, couples, or those comfortable with efficient living. The space is significantly smaller than the Riverbend average, so viewing the layout in person is essential.
2. How does the value compare to recent sales?
Public data indicates it sold between $300k-$350k in mid-2024, placing it in the top 30% of sales on its street. This suggests it was priced competitively for its specific location and size.
3. What are the property taxes likely to be?
Taxes are based on the assessed value of $337k. You can estimate your annual tax by applying Winnipeg’s current mill rate to this assessment figure.
4. Is the lot size a limitation?
The 3,600 sqft lot is average for Red Maple Road but below the wider neighborhood average. It provides a standard backyard space for a home of this era but may not accommodate large additions or extensive landscaping projects.
5. How can I verify the exact sale price?
Due to industry regulations, exact MLS sale prices are not published online here. You can request the exact sold price history via email from the site provider, who will manually look up the verified transaction record.