Property Overview: 94 Peter Herner Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and established neighborhood value. Built in 2003, it is notably newer than most homes in Winnipeg and is one of the newest on its own street, suggesting less immediate concern for major aging infrastructure replacements. With 1,237 sqft of living space, it offers a comfortable, average-sized layout for the city and Riverbend area, though it is slightly more compact than its immediate neighbors.
The property’s primary appeal lies in its strong value positioning. Its assessed value of $453k sits above the Winnipeg and Riverbend averages, yet it is around the average for Peter Herner Bay itself. This indicates you are investing in a well-regarded street where property values are consistently higher. The lot size of 4,823 sqft is generous for the street, offering good outdoor space relative to nearby homes.
This home would suit practical buyers seeking a move-in-ready property in a mature neighborhood without the uncertainties of an older build. It’s ideal for those who value a newer construction date within a stable community, and for buyers who understand that purchasing a slightly smaller home on a desirable street can be a smarter long-term investment than a larger home in a less established area.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
While the home’s size is average for Winnipeg and the Riverbend neighborhood, it is somewhat smaller than the typical home on Peter Herner Bay. This may mean more efficient use of space and potentially lower utility costs compared to larger houses on the same street.
2. Why is the assessed value higher than city and neighborhood averages?
The assessed value reflects the property’s location on a street where homes are consistently valued higher. Being above average for the wider area but average for the street itself suggests you are buying into a proven, valuable micro-location within Riverbend.
3. What are the implications of the home’s 2003 build year?
A 2003 construction is a significant advantage. It places the home in the top 5% newest on its street and top 16% city-wide, likely meaning newer roofing, windows, HVAC systems, and electrical wiring, which can defer major capital expenses.
4. What was the previous sold price, and how has value changed?
Public records show it last sold between $300k-$350k in early 2016. The current assessed value of $453k indicates substantial appreciation over the past eight years, highlighting strong value growth in this location.
5. How does the lot size affect the property’s potential?
At 4,823 sqft, the lot is above average for the street. This provides a relative advantage for outdoor living, gardening, or future exterior additions like a deck or shed, compared to neighboring properties with less land.