63.6
Fair
Property score
63.6
Fair
Overall 63.6
Smaller and older than most nearby homes
875 sqft (bottom 6%)
Built in 1987 (6 yrs older than avg)
Located in a high-income area
with median household income of ~130k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 2 dining spots, 2 schools, 1 healthcare facility, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 64%Punjabi · 8%
Past 10 years Riverbend sales snapshot (~80% of all data)
523
460k
$325/sqft
1993
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63.6 is composed by the two sections below.
Property Score
Community Score
Riverbend
How to read: Share of sales in each ~$50k price band for “riverbend” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110762
$130K
Median household income
$133K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
10%
Single-person households
47%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
156 Red River Boulevard W — 7 amenities found within 500 m, across 4 categories, including 2 dining (nearest 490 m), 2 education (nearest 162 m), 1 healthcare (nearest 474 m).
Riverbend · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
47%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 12% | Bottom 15% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 156 Red River Boulevard W, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1987-built home in Riverbend presents a practical and affordable entry point into a well-established neighborhood. With 875 square feet of living space, it is notably more compact than most homes in the area, placing it in the top 94% of the neighborhood for smaller floor plans. This characteristic defines its core appeal: it’s a manageable, lower-maintenance property on a generous 5,712 sqft lot that is larger than many in Riverbend.
The assessed value of $364k sits slightly below the neighborhood average but aligns closely with the Winnipeg-wide average, suggesting a fair, mid-market valuation. A thoughtful perspective is that this home offers the desirable lot size and location of Riverbend without the premium often attached to larger houses on the street. It last sold between $250k-$300k in 2017, indicating significant equity growth since then.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, land-value-oriented asset in a stable area. It’s for those who prioritize location and yard space over interior square footage and are comfortable with a home that may require updates reflective of its late-80s build.
Frequently Asked Questions
1. Is this home a good value for the neighborhood?
The data suggests it offers a value-oriented position. While the living area is below the Riverbend average, the lot size is above average, and the assessed value is below the neighborhood benchmark. This creates an opportunity to own land in the area at a relatively accessible price point.
2. What does the living area ranking mean for daily life?
Ranking in the top 94% for a smaller living area means this is one of the more compact homes in Riverbend. It will suit a minimalist lifestyle or a small household comfortably, but may feel cramped for those needing multiple dedicated rooms or extensive storage.
3. How does the 1987 build year affect the property?
Built in 1987, the home is newer than the Winnipeg average but slightly older than the Riverbend average. Buyers should anticipate maintenance and potential updates consistent with a house of this age, such as roof, windows, or mechanical systems, rather than major structural concerns.
4. Can I see the exact historical sale price?
The site provides a sold price range from 2017. To obtain the exact figure and full transaction history, you must request it directly via email, as this data is manually verified and not sourced from the MLS.
5. How does the lot size compare, and why does it matter?
At 5,712 sqft, the lot is larger than over 78% of those in Riverbend. This is a key asset, offering ample outdoor space for gardening, recreation, or future expansion (subject to zoning), which is a significant perk not always found with smaller homes.
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