Property Overview: 136 Riverbend Crescent, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Bruce Park is defined by its generous proportions and established neighbourhood setting. Built in 1946, it sits on a notably large 8,000 sqft lot, which ranks well above average for both the neighbourhood and the city. The living space of 1,783 sqft is also comfortably larger than most comparable homes in the immediate area. The property features a detached garage and a basement that is present but not renovated, presenting a classic canvas for updates.

Its primary appeal lies in its space and location. The lot size offers significant outdoor potential—rare for in-city living—whether for gardening, recreation, or future expansion. The home’s above-average assessed value for the street and neighbourhood suggests it is a substantial property within the community. It would suit a buyer looking for a character home with ample land who is prepared for the maintenance or thoughtful modernization of an older structure. This isn’t a move-in-ready showcase, but a property with solid fundamentals where the value is in the space it occupies and the potential it holds.

Frequently Asked Questions

1. What does "above average" for assessed value indicate?
It means the municipal assessment for this property is higher than most of its direct peers on the street and in Bruce Park. This typically reflects the combined value of its larger lot and living area compared to nearby homes, though it is not a direct market price.

2. The home was built in 1946. What should I consider?
While the structure is sound, major systems like plumbing, electrical, and insulation may be original or dated. A thorough inspection is essential. The positive perspective is that older homes of this era often feature solid construction and design details not found in newer builds.

3. How usable is the large 8,000 sqft lot?
The lot size is a major asset, offering privacy and space uncommon in the city. Consider factors like sun exposure, mature trees, and the property's topography to understand its best use, whether for leisure or future projects like a garden suite (subject to zoning).

4. The basement is noted as "not renovated." What does this mean?
It is likely a raw or partially finished utility space common to homes of this age. It provides essential mechanical access and storage but would require investment to become a finished living area. View this as potential square footage to be unlocked.

5. How does the last sale price from 2016 relate to today’s value?
The 2016 sale price is a historical data point. The current assessed value and recent market conditions are more relevant for understanding its present worth. The significant gap between the old sale price and current assessment primarily reflects market appreciation and the property's inherent attributes.