Property Summary: 82 Riverstone Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 880 sqft bungalow, built in 1988, presents a compact and efficient living space on a modest 2,522 sqft lot in the Riverbend neighborhood. Its key appeal lies in its position as a more affordable entry point into a well-established area. With an assessed value of $301k, it sits notably below the neighborhood average, offering value for buyers priced out of larger homes in the same community. The home’s smaller scale means lower utility costs and less maintenance, both for the interior and the manageable yard.
This property would suit first-time buyers seeking a foothold in a mature neighborhood, downsizers looking to reduce space and upkeep without leaving the area, or pragmatic investors searching for a rental property with a relatively lower tax assessment. A thoughtful perspective is that its "below average" size and value for the street and area could represent a strategic opportunity; it allows ownership in a desirable location where the land and community amenities are the primary assets, not the structure itself.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $301k is for municipal tax purposes. The home last sold between $250k-$300k in 2021. Market conditions, the home's interior condition, and recent upgrades will determine the final sale price, which may be higher or lower than the assessment.
2. How does the smaller living area and lot size compare practically?
At 880 sqft, the living space is compact—ideal for 1-2 people. The lot is about half the size of others on the street, which significantly reduces yard maintenance but also limits expansion potential or extensive outdoor privacy.
3. The home is "below average" for the area in several metrics. Is that a concern?
This depends on your priorities. It indicates the home is more modest than its neighbors, which is reflected in its lower assessed value. For the right buyer, this is the feature that makes the neighborhood accessible. It’s not inherently a defect, but a defining characteristic of this specific property.
4. What can the recent sale history of nearby homes tell me?
The provided comparable sales (like 240 Fernbank Ave at $348k assessed) show that similar-sized, slightly newer homes in Riverbend are assessed higher. This reinforces that 82 Riverstone Road is positioned at a lower value point, which may translate to a more competitive listing price.
5. How can I get the exact sold price from 2021?
The site provides a sold price range. Due to data display rules, exact sold prices are not published publicly here. You can request the exact figure via email through the link provided on the page, and the service will send it to you manually.