Property Overview: 127 Wisteria Way, Riverbend, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Riverbend home, built in 2006, presents a compelling blend of space, modernity, and value within its community. Its primary appeal lies in its generous 1,766 sqft living area, which ranks notably above average for both the neighborhood (top 7%) and the city. While the lot size is typical for the street, the home itself offers more interior space than many surrounding properties, suggesting an efficient and roomy layout.

The home’s assessed value of $471k positions it as an above-average property in Riverbend and city-wide, yet it sits around the average for Wisteria Way itself. This indicates you are buying into a stable, established street where values are consistent. A key, less obvious perspective is that the home is newer than most in Winnipeg (top 14% city-wide), offering modern construction standards without being the newest on the block, which can sometimes balance appeal with lower premium costs.

This property would best suit buyers looking for move-in-ready space in a mature neighborhood, who value being in a home that stands out in size within its area without being an outlier on its street. It’s ideal for those who prioritize interior living space over an exceptionally large yard and appreciate the stability of a street where property values are closely aligned.

Section 2: Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold between $500k-$550k in August 2024. This sale price range is above its $471k assessed value, which is common, as assessed values for taxation purposes often differ from market-driven sale prices.

2. Is the home considered large for the area?
Yes. With 1,766 sqft, it is significantly larger than the Riverbend neighborhood average (1,288 sqft) and ranks in the top 7% locally for living area, making it a spacious option in this community.

3. What does the "around average" ranking for the street mean?
For metrics like assessed value and lot size, this home ranks near the middle of the 81 comparable homes on Wisteria Way. This suggests it fits seamlessly into the street’s character and doesn’t carry the premium or discount associated with being an outlier.

4. How modern is this home compared to Winnipeg overall?
Built in 2006, it is newer than approximately 86% of comparable homes across Winnipeg, placing it in the top 14% city-wide for year built. This implies more contemporary building materials and systems than the typical Winnipeg home.

5. Where can I find the exact sold price and history?
Due to data display regulations, exact sold prices are not published openly on this site. You can request the full transaction history and exact figures via email, and the team will provide them manually, typically by the end of the same business day.