Property Overview: 162 Wisteria Way, Riverbend, Winnipeg

Key Characteristics & Appeal

This 1,520 sqft home, built in 2006, presents a compelling mix of value and location within Winnipeg's Riverbend neighborhood. Its primary appeal lies in its efficient use of space and desirable setting. While the living area is modest compared to others on Wisteria Way, it ranks well above average for both the neighborhood and the city, suggesting a well-proportioned home in a sought-after area. The assessed value of $447k follows a similar pattern: it sits below the street average but above the averages for Riverbend and Winnipeg as a whole. This indicates you may be paying a premium for the specific street but securing a relative value within the broader market.

The lot size is notably smaller than most comparables at 4,174 sqft, which will appeal to buyers seeking lower maintenance outdoor space without sacrificing interior room. The home’s age is a strong point, being newer than most in the city and neighborhood. Recent sale history shows steady value appreciation.

This property would suit first-time move-up buyers or downsizers who prioritize a modern, low-maintenance home in a well-regarded neighborhood over having the largest yard or house on the block. It’s for someone who values community and location metrics over sheer square footage.

Frequently Asked Questions

1. Is this home a good value for the area?
The data suggests it offers strong value within the broader Riverbend neighborhood and Winnipeg, ranking in the top 29% for assessed value in both categories. However, it is one of the lower-valued homes on Wisteria Way itself, which could be seen as an opportunity or a reflection of its smaller lot and living area relative to immediate neighbors.

2. How does the lot size impact the property?
The lot is smaller than most on the street and in the area. This typically means less yard maintenance and potentially lower property taxes on the land portion, but it also means less private outdoor space. It's a practical choice for those not wanting extensive gardening or landscaping duties.

3. What does the sale history indicate?
The home sold in 2017 and again in 2019, each time in the $350k-$400k range. This indicates a period of active turnover followed by several years of stability, with the assessed value now reflecting market growth since the last sale.

4. How accurate are the sold price figures shown?
The site provides sold price ranges based on public data, not official MLS records. For fully verified and exact historical sale prices, you must request a manual lookup from the site administrators, who will provide the details via email.

5. The home ranks well in the neighborhood but average on its street. What does this mean?
This highlights the character of Wisteria Way as a street of larger, higher-value homes within Riverbend. You're buying into one of the more established streets in the area, even if this particular home is a more modest offering on that strip. It offers entry into a desirable micro-location.