Property Overview: 123 Vince Leah Drive, Winnipeg

Key Characteristics & Appeal

This home at 123 Vince Leah Drive in Riverbend presents as a solid, middle-of-the-road property in Winnipeg’s market. Built in 1988, it offers 1,211 square feet of living space on a 4,998 sqft lot, with an assessed value of $419,000. The data consistently shows it performing "around average" against most local and city-wide benchmarks for size, value, and lot dimensions. Its appeal lies in its predictability and stability—it’s not an outlier in any category, which can mean fewer surprises and a comfortable fit within an established neighborhood. A thoughtful perspective is that its city-wide ranking for year built (Top 24%) is notably strong, suggesting the home is relatively newer compared to much of Winnipeg’s housing stock, which may appeal to those wary of the maintenance needs of older properties.

This home would suit a practical buyer looking for a straightforward entry into a mature neighborhood like Riverbend. It’s ideal for someone who values consistency over standout features, and who appreciates a home that aligns closely with community norms in terms of size and value. It may also attract buyers who see potential in a property that is fundamentally average, providing a stable canvas for personal updates without the premium price of a top-tier ranked home.

Frequently Asked Questions

1. How does this home’s sold price compare to its assessed value?
The property sold between $400,000 and $450,000 in October 2024. This range brackets the current assessed value of $419,000, indicating the assessment is in close alignment with recent market activity.

2. Is the lot size a limitation for expansion or outdoor space?
At just under 5,000 sqft, the lot is slightly below the street average but remains near the neighborhood norm. It provides typical backyard space for the area but may require creative planning for significant additions or extensive landscaping.

3. How does the living area compare to nearby homes?
At 1,211 sqft, the living space is very close to the neighborhood average (1,288 sqft) but is somewhat smaller than the specific street average (1,330 sqft). It offers standard-sized rooms for a family home in this community.

4. What does the "around average" ranking mean for future resale?
Its consistent mid-tier rankings suggest this property is unlikely to dramatically outperform or underperform the market. This can be seen as a stabilizing factor, offering moderate appreciation potential in line with the broader area, rather than high volatility.

5. How can I verify the exact sold price?
The site provides sold price ranges for general browsing. To obtain the exact, verified sold price and full transaction history, you must request it directly via email, as this data is not sourced from the MLS system.