64 Riverstone Road

Property Overview: 64 Riverstone Road, Riverbend, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,090 sqft home, built in 1987, presents a practical opportunity in Winnipeg's Riverbend neighborhood. Its primary appeal lies in its position as a competitively priced entry point into a well-established area. The assessed value of $312k is notably below the averages for both the street and the wider neighborhood, suggesting potential value relative to its immediate surroundings. The living space is consistent with typical Winnipeg homes, making it a functional layout for many.

The property’s standout characteristic is its lot size of 2,397 sqft, which is significantly smaller than most lots on the street and in the city. This translates to minimal exterior maintenance—a clear advantage for buyers seeking a manageable yard or preferring to spend less time on landscaping. Conversely, it offers limited space for expansions, large decks, or extensive private outdoor recreation.

This home would best suit first-time buyers, downsizers, or pragmatic investors looking for an affordable foothold in a mature neighborhood without the upkeep of a large lot. It’s a home for those who value location and simplicity over square footage and expansive grounds. A thoughtful perspective is that its below-average metrics for the area might offer a more stable valuation in economic shifts, as it isn't carrying a premium for lot size.

Section 2: Frequently Asked Questions

1. Is the smaller lot size a disadvantage?
It depends on your lifestyle. While it limits potential for additions like a large garage or pool, it significantly reduces maintenance time and costs. It’s a trade-off that appeals to those seeking low-maintenance living.

2. How does the assessed value compare to recent sale prices?
The home sold between $250k-$300k in late 2021. Its current assessed value of $312k is above that sale range but remains below the current neighborhood average, indicating it may still be valued conservatively compared to nearby properties.

3. What does the "Below Average" ranking for year built mean?
Built in 1987, it is slightly older than most homes on Riverstone Road and in Riverbend. However, it is notably newer than the average Winnipeg home. Buyers can expect systems and components typical of late-80s construction, which may have been updated over the last 39 years.

4. Who might this property not suit?
It may not suit buyers who prioritize extensive outdoor space, privacy from neighbors, or who have plans for a major home expansion. Families needing multiple large bedrooms or dedicated recreational space indoors might find the ~1,090 sqft layout limiting.

5. How can I verify the exact historical sale price?
The provided data shows a sold price range. Due to data display rules, exact sale figures are available upon direct request to the site administrators, who will provide them via email after a manual lookup.