61.1
Fair
Property score
61.1
Fair
Overall 61.1
Smaller and older than most nearby homes
850 sqft (bottom 5%)
Built in 1987 (6 yrs older than avg)
Located in a high-income area
with median household income of ~130k
Transit 74.0
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
34% 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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61.1 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
188 Red River Boulevard W — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 238 m), 2 parks (nearest 217 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 41% | Bottom 48% | Top 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 24% | Bottom 27% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 188 Red River Boulevard W, Winnipeg
Section 1: Key Characteristics & Buyer Appeal
This 1987-built home in Riverbend is a compact, 850 sqft property on a 3,999 sqft lot. Its key characteristic is its position as a more modest and affordable option within its context. While its living space and lot size are below average for both the street and the wider neighborhood, its assessed value of $327k is notably below the local averages, offering a relative value entry point into the area.
The appeal lies in its efficiency and location. It suits first-time buyers or downsizers seeking a lower-maintenance property in a well-established neighborhood without the premium price tag of larger homes on the same boulevard. A thoughtful perspective is that its smaller scale could mean lower utility costs and property taxes compared to immediate neighbors, aligning with a practical, budget-conscious lifestyle. It’s a home for those who prioritize location and financial accessibility over square footage, potentially offering a liveable footprint that encourages a simpler, less cluttered living environment.
Section 2: Frequently Asked Questions
1. Is this home significantly smaller than others nearby?
Yes. At 850 sqft, the living area is below the average for Red River Boulevard W (1,166 sqft) and the Riverbend neighborhood (1,288 sqft). It represents one of the more compact floor plans in the immediate area.
2. How does its value compare to similar homes?
Its assessed value ($327k) is below the street average ($397.6k) and neighborhood average ($410.2k), but is close to the citywide average (~$390.1k). This suggests it is priced more accessibly within its own desirable locale.
3. What is the lot size, and what does it allow for?
The lot is 3,999 sqft, which is smaller than most on the street and in the neighborhood. It is suitable for a manageable yard but may have limitations for large additions or extensive outdoor amenities compared to neighboring properties.
4. Are recent sale prices available for this property?
Public records indicate it sold in June 2024 and previously in November 2023. For precise sale figures, a manual lookup via the site’s email request service is required, as exact MLS data is not published online here.
5. What are the less obvious considerations for a home of this size and age?
Built in 1987, it is newer than many Winnipeg homes but will still require attention to aging components like the roof, windows, and major systems. The smaller footprint means efficient use of space is critical; storage and layout functionality should be carefully evaluated. Its value proposition is tightly linked to the land and location, so the condition of the structure itself and any recent updates will be key factors in its valuation.
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