Property Overview: 12 Riverwest Road, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,140 sqft home, built in 1991 on a standard 5,199 sqft lot in Riverbend, presents a solid, middle-of-the-road offering with specific competitive strengths. Its primary appeal lies in its strong value positioning within a desirable local context. While the living area is slightly below average for its immediate street, the property’s assessed value of $440k is notably above average both on its street and city-wide. This suggests it is perceived as a good value relative to its peers, potentially due to factors like updates, condition, or specific lot advantages not captured in raw square footage.

The home would suit practical buyers looking for a move-in ready property in a stable neighborhood without paying a premium for maximum size. It’s particularly suited for those who prioritize value retention and equity, as the above-average assessment and recent sold price data indicate a history of strong market performance. A less obvious perspective is that its "around average" size and lot might actually be an advantage for downsizers or first-time buyers seeking lower maintenance costs without sacrificing the feel of a established neighborhood.

Section 2: Frequently Asked Questions

1. Is the living area smaller than other homes on the street?
Yes, at 1,140 sqft, it ranks below the street average of 1,238 sqft. However, its assessed and recent sold values are above the street average, indicating factors beyond pure square footage contribute to its market value.

2. How does the property’s value compare to the wider area?
Very favorably. With an assessed value of $440k, it sits above average for both the Riverbend neighborhood and the city of Winnipeg as a whole, ranking in the top 30-33% of comparable homes.

3. What is the recent sales history?
The property sold between $450k-$500k in August 2023. This placed it in the top 10% of sales for the Riverbend area at that time, confirming its strong market position.

4. Is the home newer or older than most in Winnipeg?
Built in 1991, it is notably newer than the Winnipeg city-wide average (1966), placing it in the top 22%. On its street and in Riverbend, its age is very typical.

5. How can I verify the exact past sold price?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sold figures are not displayed. You can request the exact transaction history via email from the site, which they will provide manually without using your email for marketing.