Property Overview: 108 Riverbend Crescent, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1946, is situated on a mature, 5,378 sqft lot in Bruce Park. Its key features include a renovated basement and a detached garage. The living space of 1,283 sqft is comfortably in the average range for the area, offering a practical footprint for daily life.

The appeal of this property lies in its established neighbourhood setting and its sense of solid, grounded value. While the lot size is below average for its immediate street, it remains a generous and usable space compared to many city-wide properties. The home last sold in July 2023 for $360k, a price point that was competitive within its local context. It suits buyers looking for a character home in a mature area without the premium often attached to newer builds or massive lots. It’s a practical choice for those who value a renovated basement for extra living space and prefer the flexibility of a detached garage, potentially appealing to small families, downsizers, or first-time buyers seeking a foothold in a stable community.

A less obvious perspective is the potential this lot holds. For a home of its era, the lot is still very substantial, offering ample room for gardening, outdoor living, or future expansion, which is a valuable asset not always available in older neighbourhoods. Additionally, its "around average" metrics across the board suggest a property that is well-integrated into its community fabric, unlikely to be over-improved or an outlier, which can be a mark of stability and predictable upkeep costs.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
The lot is 5,378 sqft, which is below the average for Riverbend Crescent itself but is very much in line with the average for the broader Bruce Park neighbourhood and the city of Winnipeg.

2. When was the basement renovation completed?
The listing confirms the basement is renovated but does not specify the completion date. This would be a key detail to request from the seller or listing agent.

3. What is the significance of the "one-and-a-half storey" design?
This classic Winnipeg style typically features a main floor with principal rooms and a second floor under sloping roof lines, often containing cozy bedrooms. It offers more character and space than a true bungalow but with a different layout than a full two-storey home.

4. Are there any known issues common with homes of this age?
Built in 1946, prospective buyers should ensure professional inspections address potential updates to major systems like plumbing, electrical, and the roof, which may be due for service or replacement given the home's age.

5. How does the assessed value relate to the recent sale price?
The home was assessed at $31.80k (for tax purposes), but it sold for $360k in 2023. This large discrepancy is normal; municipal tax assessments are not market valuations and should not be used to determine a home's current market value.