Property Summary: 66 Gateside Way, Riverbend, Winnipeg
Section 1: Overview & Appeal
This 1,460 sqft home, built in 2003, presents a solid, above-average offering within Winnipeg's Riverbend neighborhood. Its primary appeal lies in its strong positional value—it consistently ranks above average for the area in key metrics like assessed value, lot size, and year built, suggesting a well-regarded location within a desirable community. The home sits on a larger-than-average lot for its immediate street (5,608 sqft), offering good outdoor space potential.
The property suits buyers looking for a move-in ready, established home in a mature neighborhood without the premium of a brand-new build. It’s particularly fitting for those who value neighborhood character and stability over having the absolute largest house on the block, as its living area is typical for the street. A thoughtful perspective is that this home represents a "sweet spot" in Riverbend: it’s newer than many area homes, carries an assessed value that signals good standing, and its recent sale price (between $500k-$550k in late 2023) placed it in the top tier for the neighborhood, indicating strong market validation.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Riverbend?
The data shows it is consistently above the neighborhood average. It ranks in the top 30% for living area, top 20% for assessed value, and top 23% for lot size compared to similar Riverbend homes.
2. Is the lot size a significant feature?
Yes. The lot of 5,608 sqft is notably larger than the average lot on Gateside Way (5,241 sqft) and for Riverbend (5,255 sqft), providing more private outdoor space than many comparable properties nearby.
3. What does the assessed value tell us?
The $464k assessment is above the city and neighborhood averages. On Gateside Way, it is almost exactly at the street average, suggesting it is in line with the immediate area's valuation trends.
4. The home sold in late 2023. What did that sale indicate?
The sold price range of $500k-$550k placed it in the top 6% of sales for the Riverbend area at that time, demonstrating that buyers were willing to pay a significant premium over its assessed value, reflecting strong market demand.
5. How modern is this home compared to Winnipeg overall?
Built in 2003, it is significantly newer than the Winnipeg average home (built around 1966). It ranks in the top 16% city-wide for year built, meaning it likely requires fewer major updates than a huge portion of the city's housing stock.