Property Overview: 311 Ridgecrest Avenue, Winnipeg
Key Characteristics & Appeal
This 1958-built home in Riverbend presents a practical opportunity. At 970 sqft, its living space is notably compact, ranking below average for its street, neighborhood, and city. This characteristic defines its core appeal: it is an efficient, lower-maintenance property in a well-established area. The assessed value of $350k is average for its immediate street but sits below the Riverbend neighborhood average, suggesting a potentially more accessible entry point into the area.
The lot size of 5,935 sqft is a standout feature, ranking above average within Riverbend, offering valuable outdoor space uncommon for the neighborhood. Recent sale history shows significant appreciation since 2019. This property would suit first-time buyers seeking a foothold in a mature community, downsizers looking for a manageable home with a generous yard, or value-focused investors attracted by the lot size and neighborhood stability. Its appeal is grounded in practicality and land value rather than square footage.
Frequently Asked Questions
1. Is the living area too small?
At 970 sqft, the home is compact. It’s ideal for 1-2 people or a small family comfortable with efficient living. The below-average size is reflected in its price positioning.
2. How does the assessed value compare?
At $350k, it’s typical for Ridgecrest Avenue but below the Riverbend average of ~$410k. This suggests you may be paying for location and land, with the home itself priced modestly.
3. What does the large lot size mean for me?
The lot is larger than most in Riverbend. This offers greater privacy, outdoor potential (gardens, additions, or a shed), and could contribute to future value relative to neighboring properties.
4. What is the neighborhood like?
Riverbend is an established area. The home itself is older than most in the neighborhood (ranked in the top 3% oldest), indicating a street of mature homes rather than recent developments.
5. How can I get exact past sale prices?
The site provides sold price ranges. For precise figures and full transaction history, you must request a manual lookup via email, as MLS data is not displayed here.