Property Overview: 111 Carsdale Drive, Riverbend, Winnipeg

Key Characteristics & Appeal

This home at 111 Carsdale Drive presents a compelling blend of space, value, and established community living. Its primary appeal lies in its strong positional value within the Riverbend neighborhood and its generous proportions. The 1,627 sqft living area is consistently above average for its street, neighborhood, and the city of Winnipeg, offering ample room for a growing family or those who value spacious interiors.

The property stands out most notably for its assessed value and lot size within its immediate context. With an assessed value ranking in the top 5% of Riverbend and the largest lot on Carsdale Drive (6,166 sqft), it offers a premium footprint. Built in 2003, it is a relatively modern home in a city-wide context, yet it fits seamlessly into its street, which is composed of similar early-2000s builds. This suggests a well-established streetscape with mature landscaping.

This home would suit buyers looking for a move-in ready property in a mature subdivision, who prioritize lot size and interior space over a brand-new build. It’s ideal for those who appreciate quantifiable value—owning a home that ranks highly in key metrics compared to its peers—and who want the stability of a neighborhood where property values are consistently strong. The data indicates it may particularly appeal to value-conscious buyers seeking more house and land for their investment compared to broader city averages.

Frequently Asked Questions

1. How current is the assessed value, and what does it mean for taxes?
The assessed value of $514k is a government valuation for taxation purposes. While it ranks very high locally, property taxes are calculated using this assessment multiplied by the city's mill rate. A higher assessment typically translates to higher property taxes, so this is an important factor in estimating annual carrying costs.

2. The home sold in 2022. What does that recent sale indicate?
The reported sale price range (CA$600k-650k) suggests the market value at that time was significantly above the current assessed value. This recent transaction provides a concrete, real-world benchmark for the home's market price, indicating strong buyer demand for this specific property and street in the recent past.

3. The lot is the largest on the street. What are the potential benefits and responsibilities?
The elite lot size (top 3% on the street) offers excellent potential for outdoor living, gardening, expansions, or future additions (subject to zoning and permits). The trade-off is greater maintenance for landscaping, snow removal, and general upkeep compared to a smaller yard.

4. How does the "Above Average" living area ranking affect daily living?
Ranking above average across all comparison levels means the home likely feels more spacious than many others you might view in a similar price range. This extra square footage often provides more flexible living arrangements, better storage, and room to grow without feeling cramped.

5. The year built is "around average" for the street. Is that a positive?
Yes. Being built in 2003 amidst a street of similar-aged homes (average year built 2004) is generally positive. It indicates uniform neighborhood development, suggesting that major components like roofs, windows, and foundations across the street are likely at similar stages in their lifespan. This reduces the chance of your home feeling outdated compared to immediate neighbors and can contribute to stable property values.