Property Overview: 110 Hearthwood Grove, Riverbend, Winnipeg

Key Characteristics & Appeal

This 1,186 sqft bungalow, built in 1988, presents a solid, move-in-ready opportunity in the established Riverbend neighborhood. Its primary appeal lies in its strong positional value within its immediate community. While the home's size and assessed value ($409k) are generally average for the wider area and city, it stands out on its own street. It ranks in the top 15% of Hearthwood Grove for both assessed value and year built, suggesting it is a well-regarded and relatively modern property within that specific, desirable row of homes.

The lot is compact at 4,195 sqft, which is smaller than most on the street and in the neighborhood. This translates to less yard maintenance—a practical perk for downsizers or those seeking a lock-and-leave lifestyle—but may limit expansion potential. The home last sold in early 2016 for between $300k-$350k, indicating significant equity growth for the past owner.

This property would best suit first-time buyers or practical-minded downsizers who prioritize being on a good street in a mature neighborhood over having a large yard. It offers the value of a stable, above-average streetscape without the premium of a brand-new or extensively renovated home.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($409k) is for municipal tax purposes and is a historical snapshot. Current market conditions ultimately determine sale price. Notably, this home’s assessment is above the street average, which can be a positive signal of its relative standing.

2. How does the smaller lot size impact the property?
The below-average lot size means less outdoor space for gardening or large gatherings, but also significantly reduces yard work and upkeep. It’s a trade-off that appeals to those seeking convenience and lower maintenance costs.

3. The home seems average compared to the whole city. What's the main draw?
The key perspective is hyper-local. While city-wide metrics are average, its strong rankings on Hearthwood Grove itself for value, size, and age suggest you are buying into one of the better-positioned homes on a desirable block, which often holds value well.

4. What can the 2016 sale price tell me?
It shows a history of substantial appreciation over nine years. For a buyer, it underscores the neighborhood's long-term stability and growth, though past performance doesn't guarantee future results.

5. Are there comparable homes nearby?
Yes, the listing provides several nearby references on streets like Fernbank Avenue and Vince Leah Drive. These show a range of sizes and values, highlighting that 110 Hearthwood Grove offers a mid-size option in the community without being the largest or most expensive.