Property Overview: 165 Reiny Drive, Winnipeg

Key Characteristics & Appeal

This well-situated home in River East presents a solid, above-average offering in several key metrics. Its primary appeal lies in its generous living space of 1,816 sq ft, which ranks within the top 25% on its own street and outperforms the average home in Winnipeg. Built in 1977, it is typical for its immediate area but is newer than many city-wide comparables. The lot size of 6,135 sq ft is also notably larger than the Winnipeg average, offering good outdoor space.

The home’s assessed value of $424,000 is consistently around the average mark when compared to the street, neighborhood, and city, suggesting it is priced in line with the market without significant premium or discount. A thoughtful perspective is that this creates a stable, predictable entry point into a mature neighborhood without the volatility of a highly undervalued or overvalued asset. It last sold in 2017 for between $300,000 and $350,000, indicating substantial equity growth since then.

This property would best suit pragmatic buyers seeking a move-in-ready home in an established community. It’s ideal for those who value space—both indoors and on the lot—over a brand-new build, and for buyers who appreciate a home that benchmarks as a strong, average performer in its category without extreme outliers.

Frequently Asked Questions

1. How does this home’s size truly compare to others?
At 1,816 sq ft, the living area is larger than approximately 83% of comparable homes in Winnipeg, making it a notably spacious property in the broader market.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $424k is very close to the averages for the street, neighborhood, and city. This alignment often indicates a market value that is in step with current conditions, though final sale price always depends on market timing and property presentation.

3. What does the lot size mean for potential use?
At over 6,000 sq ft, the lot is larger than most in Winnipeg. This allows more room for gardening, play, or additions, though it’s slightly smaller than the average lot in the broader River East area.

4. The home was last sold in 2017. What can that history tell me?
The previous sale price range ($300k-$350k) shows significant appreciation over seven years. This indicates strong market growth in the area during that period.

5. Where can I get the exact historical sold prices for this home?
The provided data shows price ranges. For fully verified, exact sale figures, you must request a manual lookup via email from the site, as they do not publish MLS data directly.