Property Overview: 86 Peter Herner Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This Riverbend home, built in 2001, presents a solid, middle-of-the-road option with specific competitive advantages. At 1,259 sqft, its living space is modest for its immediate street but aligns closely with neighborhood and city averages, suggesting a practical, manageable layout. The standout feature is its assessed value of $448k, which positions it above average for both the Riverbend area and Winnipeg overall, indicating strong perceived value relative to many peers. The lot size of 4,823 sqft is notably above average for Peter Herner Bay, offering more outdoor space than many direct neighbors.
The appeal lies in this balance: you acquire a property with a valuation that outperforms much of the market, on a generous lot for the street, without paying for excessive square footage. It suits value-conscious buyers seeking a stable investment in a mature neighborhood, or those who prioritize yard space over a larger house. A thoughtful perspective is that this home may represent an "efficiency play"—it captures the desirable assessed value of the area without the premium often attached to the street's largest homes, making it a strategic entry point into the community.
Section 2: Frequently Asked Questions
1. Is the living area too small?
While below the average for Peter Herner Bay specifically, the home’s size is very close to the neighborhood and city averages. It’s a efficiently sized home that may appeal to those looking to minimize maintenance and utility costs without sacrificing location.
2. Why is the assessed value relatively high for the living area?
The above-average assessment for the neighborhood and city suggests that factors beyond pure square footage—such as the lot size, condition, finishes, or its specific location within Riverbend—are positively influencing its municipal valuation.
3. How does the lot size compare?
The lot is a key advantage, ranking in the top 27% on its own street. You get more outdoor space than most direct neighbors, which is a less common find in established subdivisions.
4. What does the last sold price tell us?
The home sold between $300k-$350k in early 2019. The significant increase to its current $448k assessment reflects broader market appreciation and the value reassessment process over a six-year period.
5. Where can I get exact historical sale data?
The provided sold price is an estimated range from public records. For fully verified and exact transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.