Property Overview: 107 Riverbend Crescent, Bruce Park, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic one-and-a-half storey home built in 1946, situated on a 5,375 sqft lot in Winnipeg's Bruce Park neighborhood. Its key features include a renovated basement and a living area of approximately 1,258 sqft. The home presents as a grounded, no-frills property with a notably low assessed value compared to others on its street, suggesting it may be an opportunity for value-conscious buyers.

The appeal lies in its potential as a solid entry point into a mature neighborhood. While the lot size is below average for Riverbend Crescent, it is quite typical for Bruce Park and the city overall, offering manageable outdoor space. The renovated basement adds functional living area. This property would suit a first-time buyer, an investor looking for a character home with renovation equity potential, or someone seeking an affordable, lower-maintenance footprint in a well-established area. It’s a practical choice for those who prioritize location and fundamentals over modern size or luxury finishes.

A less obvious perspective is that its 1946 build date, while older than many on its street, is actually around the neighborhood average, meaning it fits the classic fabric of Bruce Park. The data suggests you are paying for the land and location more than the structure itself, which can be appealing for those with a vision to update or expand.

Section 2: Frequently Asked Questions

1. How does the lot size compare to the area?
At 5,375 sqft, the lot is smaller than most on Riverbend Crescent but is very typical for the broader Bruce Park neighborhood and is close to the Winnipeg city average.

2. What does the "below average" assessed value indicate?
The assessed value is significantly lower than the average for its immediate street. This often reflects the home's older construction date (1946) and modest living area compared to neighbors, not necessarily the condition. It can indicate a lower property tax base and potential to increase value through updates.

3. Is the renovated basement a finished living space?
The listing confirms the basement is renovated, but the specifics of the renovation (e.g., legal suite, recreation room, storage) are not detailed. This would be a key point to clarify with the seller or agent.

4. What is the parking situation without a garage?
The property has no garage. Buyers should investigate the driveway capacity (if any) and on-street parking regulations on Riverbend Crescent to plan for vehicle storage.

5. The home last sold in March 2020. What does that suggest?
The sale three years ago, at a price close to the current assessed value, may indicate a recent purchase for investment or renovation purposes. Understanding the nature of the ownership and any work done since 2020 is important.