Property Overview
8 Deepwood Cove presents a well-situated, single-family home in Winnipeg's Riverbend neighborhood. Built in 1990, its key characteristic is its efficient, modest footprint of 858 sqft, which is notably smaller than most homes on its street and in the wider area. This is balanced by a land area of 5,451 sqft that is above average for Riverbend, offering generous outdoor space relative to the home's size. With an assessed value of $385k, it sits at a value point that is competitive city-wide but below the average for its immediate street.
The appeal lies in its position as a potentially more accessible entry point into a mature neighborhood. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with a sizable yard for gardening or expansion. The data suggests a "value-for-lot" proposition, where you're investing more in the location and land than in a large living area. A thoughtful perspective is that a smaller home on a good-sized lot can offer lower utility costs and less upkeep, while still providing room for outdoor living or future landscaping projects.
Frequently Asked Questions
1. Is the living area too small?
At 858 sqft, the home is compact. It's significantly smaller than the average home on Deepwood Cove (1,319 sqft) and in Riverbend. This suits simpler living arrangements but may feel cramped for those needing multiple dedicated rooms or extensive storage.
2. How does the assessed value compare?
The $385k assessment is around the Winnipeg average but is below the street average of $420.3k. This can indicate a relative value on the street, but it also reflects the home's smaller size. It last sold between $300k-$350k in 2019.
3. What is the neighborhood like?
Riverbend is an established neighborhood. The data shows homes here are generally newer than the Winnipeg average, and the lot size for this property is above the neighborhood norm, which is a positive differentiator.
4. What are the potential downsides?
The primary consideration is space. The home ranks in the bottom tier on its street for living area. Buyers should be comfortable with a cozy layout or have a realistic budget for potential renovations to expand or reconfigure the space.
5. How can I verify the exact past sale price?
The site provides sold price ranges for non-members. To receive the exact historical sale figures, you must request them via email from the site administrators, as they manually look up and provide this data due to industry regulations.