55.5
Fair
Property score
55.5
Fair
Overall 55.5
Smaller and older than most nearby homes
694 sqft (bottom 1%)
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 schools, 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
46% 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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55.5 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
172 Red River Boulevard W — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 200 m), 2 parks (nearest 190 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 | Top 35% | Top 47% | Top 41% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 8% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 172 Red River Boulevard W, Riverbend, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, well-situated property in Winnipeg's Riverbend neighborhood. Its primary characteristic is its modest size, with a living area of 694 sqft that places it well below average for the street, neighborhood, and city. Built in 1987, it is slightly newer than many homes on its street and notably newer than the Winnipeg average. The assessed value of $356k is below average for Riverbend but aligns closely with the citywide average, suggesting its value is more tied to its location than its square footage.
The appeal lies in its efficiency and location. It represents a more accessible price point within a desirable area, ideal for a first-time buyer, an investor, or someone looking to downsize without leaving the neighborhood. The lot size, while smaller than others on the boulevard, is still manageable. A thoughtful perspective is that this property offers a chance to own in a prime area where the land value is a significant component, with the home itself representing a potential canvas for renovation or expansion for the right buyer. It suits pragmatic purchasers who prioritize location over size and see potential in a solid, newer-than-average foundation.
Section 2: Frequently Asked Questions
1. Is this a small house compared to its neighbors?
Yes, significantly. At 694 sqft, its living area is ranked in the bottom 7% in Riverbend and is roughly half the size of the average home on Red River Boulevard W.
2. How does its value compare?
Its $356k assessment is below the neighborhood average but very close to the Winnipeg citywide average. This indicates you are paying a premium for the Riverbend location, but the price is moderated by the home's smaller size.
3. What is the potential for future expansion?
The lot size (4,285 sqft) is smaller than the street average but may offer some scope for an addition, subject to local zoning and building regulations. Its newer construction (1987) means major systems are potentially more modern than in many city homes.
4. What do the recent sale prices indicate?
It last sold between $350k-$400k in late 2022, which was a top-tier price for the area at that time. A previous sale in early 2020 was between $250k-$300k, showing significant appreciation in a short period, likely reflecting broader market trends.
5. How accurate is the provided sales data?
The site notes its sold price data is from public sources, not the MLS, and has had limited verification. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email.
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