Property Summary: 106 Peter Herner Bay, Riverbend, Winnipeg

Section 1: Key Characteristics & Appeal

This home stands out as a modern, above-average property in Winnipeg's Riverbend neighborhood. Its primary appeal lies in its combination of newer construction, generous space, and a strong position within its immediate area. Built in 2020, it is significantly newer than most homes on its street, in Riverbend, and across Winnipeg. With nearly 2,000 sqft of living area, it offers substantially more interior space than local averages. This is complemented by a lot size that is above average for Peter Herner Bay, providing good outdoor space.

The property’s assessed value of $562k ranks it at the very top of its street and in the top 1% of Riverbend, signaling its perceived premium quality and desirability within the community. It suits buyers looking for a move-in-ready, modern home without the wait or uncertainties of new construction, and who value being in an established neighborhood. It’s particularly well-suited for those who prioritize space and newer infrastructure, and who see value in a home that already holds a leading position in its local market—offering a blend of contemporary living in a mature setting.

A less obvious perspective is that while the home excels locally, its city-wide rankings for size and value are strong but not elite, suggesting its premium is deeply tied to the specific desirability of Riverbend and Peter Herner Bay itself. This indicates a purchase here is an investment in this specific community as much as in the physical structure.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to what it last sold for?
The home sold in December 2020 for an estimated $450k-$500k. Its current assessed value of $562k suggests significant appreciation, but for exact historical sale figures, a manual lookup with the site is required.

2. Is the lot size typical for the area?
The lot of 5,923 sqft is above average for Peter Herner Bay, where lots average 4,795 sqft. It is slightly larger than the Riverbend neighborhood average but a bit smaller than the Winnipeg-wide average for comparable homes.

3. What does the "Elite" ranking for Year Built mean?
Ranked in the top 1-3% at every level, it confirms this is one of the newest homes you will find in Riverbend and on its street, where most homes were built around 2002 or earlier. This suggests modern building standards, systems, and less immediate need for major updates.

4. Who are the likely neighbors in terms of property values?
With the #1 assessed value ranking on its street and #15 in all of Riverbend, the immediate neighbors likely own homes of high but slightly lower value. This positions the property as a leading home in a well-regarded area, not an outlier in a less expensive zone.

5. How does the living space compare to nearby homes?
Its 1,942 sqft is elite locally, being about 500 sqft larger than the street average and over 650 sqft larger than the Riverbend average. This means it likely offers more bedrooms, larger rooms, or more functional space than most direct comparisons.