273 Le Peress Avenue

Property Overview: 273 Le Peress Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 952 sqft bungalow, built in 1960, sits on a just-under 5,000 sqft lot in the Riverbend neighborhood. Its key characteristic is its position as a modest, entry-level home in a mature area. The appeal lies in its relative affordability within the city context, with an assessed value ($359k) that is around the Winnipeg average but notably below the Riverbend neighborhood average. This suggests an opportunity to enter a well-established area at a lower price point than newer homes command.

The home would suit first-time buyers or downsizers seeking a manageable footprint without a major renovation project, based on its recent sale history. A thoughtful perspective is that while the living area is below average for the street and area, this can translate to lower utility costs and less maintenance. The lot size is typical for the neighborhood, offering standard outdoor space. Buyers should be comfortable with a home that is older than most in Riverbend but aligns with the city's overall housing age.

Section 2: Frequently Asked Questions

1. Is this home significantly smaller than its neighbors?
Yes. At 952 sqft, its living area ranks below average on its street, in the Riverbend neighborhood, and city-wide. This is the property's most notable comparative difference.

2. How does its value compare to the area?
Its assessed value is below the Riverbend neighborhood average ($410k) but aligns closely with the Winnipeg average. This indicates you may pay less for the location than you would for a larger or newer home in the same area.

3. What does the "Top 97%" ranking for year built in Riverbend mean?
It means this home, built in 1960, is older than approximately 97% of comparable homes in Riverbend. The neighborhood average year built is 1993, so this is one of the area's more mature properties.

4. How reliable is the sold price data shown?
The site states sold prices are based on public internet data, not the MLS, and are presented as ranges unless you request exact figures via email. For fully verified transaction history, you must contact them directly.

5. Are the property taxes likely to be high?
Based on its assessed value being below the neighborhood average, the property tax bill may be comparatively lower than many homes in Riverbend, though final taxes depend on the city's mill rate.