Property Summary: 195 Wisteria Way, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 195 Wisteria Way in Riverbend presents a compelling, value-oriented proposition within a well-established neighborhood. Built in 2006, it is notably newer than most homes in both Riverbend and Winnipeg overall, suggesting modern construction and potentially lower immediate maintenance costs. With 1,203 sqft of living area, it offers a manageable footprint that is average for the city and neighborhood, but is one of the more compact homes on its own street, where properties tend to be larger.

The primary appeal lies in its financial positioning. The home’s assessed value of $448k sits significantly above averages for both the neighborhood and the city, yet it is below the average for Wisteria Way itself. This creates an interesting dynamic: you are acquiring a property with strong assessed value for the area, but potentially at a relative discount compared to its immediate, often larger, neighbors. The lot size of 4,366 sqft is smaller than the street average but typical for the area, offering a balance of outdoor space without excessive upkeep.

This property would best suit practical, value-conscious buyers such as first-time homeowners, downsizers, or investors seeking a modern property in a solid neighborhood without paying a premium for the largest home on the block. It’s for those who prioritize a newer build and efficient layout over maximizing square footage, and who see the advantage in owning a well-regarded asset (by assessment) on a street of even higher-value homes.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($448k) is used for property tax calculation and indicates municipal valuation, market conditions ultimately determine sale price. Its position above area averages suggests solid underlying value, but a professional market analysis is recommended for pricing.

2. The home seems smaller than others on the street. Is that a concern?
It is one of the more compact homes on Wisteria Way, which consists of larger properties. This likely contributes to its assessed value being below the street average. For the right buyer, this translates to a more affordable entry point into a desirable street and a newer, easier-to-maintain home.

3. How does the 2019 sale price relate to today’s value?
The previous sale (between $350k-$400k in late 2019) provides historical context, but the market has evolved since then. The current assessed value of $448k reflects a more recent municipal valuation, though market value can differ.

4. The home is newer than most in Winnipeg. What are the benefits?
A 2006 build means major components like roofing, windows, HVAC, and electrical systems are relatively modern and likely compliant with recent building codes. This can mean lower risk of near-term, costly replacements compared to much older city-wide stock.

5. Where can I get verified sale price data for this home and comparables?
The site notes that exact sold price history is not displayed due to industry data rules. They offer a manual lookup service; you can submit a request via email to receive verified transaction figures directly.