Property Overview: 205 Vince Leah Drive, Riverbend, Winnipeg

Key Characteristics & Appeal

This 1,407 sqft bungalow, built in 1989, presents a compelling blend of space, location, and value in Winnipeg's Riverbend neighborhood. Its primary appeal lies not in standout square footage, but in a superior land package and strong valuation. The 9,071 sqft lot is notably large, ranking in the top 5% of the neighborhood and top 10% on its street, offering rare potential for expansion, gardening, or outdoor living compared to nearby properties.

The home’s assessed value of $504k is a key feature, placing it in the elite top 4% on Vince Leah Drive and well above area and city averages. This suggests the property is perceived to offer premium attributes or upgrades not fully captured by living area alone. While the interior size is average for the area, the combination of a generous, mature lot and a home from the late 1980s likely appeals to those seeking established communities with room to breathe.

This property would suit buyers prioritizing land size over sheer house volume, such as growing families wanting backyard space, or those envisioning future additions like a garage, workshop, or deck. It’s also a fit for value-conscious purchasers looking in a stable neighborhood, where the above-average assessment indicates a solid investment relative to its peers.

Frequently Asked Questions

1. Why is the assessed value so much higher than the street and neighborhood averages?
The assessment is based on the municipality's evaluation of the property's market value, considering factors like the large lot size, the home's condition, improvements, and its specific location. A value ranking in the top 4% on the street suggests this property has features that set it apart from its immediate neighbors.

2. How does the lot size compare practically?
At over 9,000 sqft, the lot is approximately 50% larger than the average lot on Vince Leah Drive and 70% larger than the Riverbend neighborhood average. This translates to significantly more private outdoor space.

3. What does the "Around Average" ranking for living area mean?
The home’s interior size is typical for the area. It is neither unusually small nor large, indicating it provides standard space for a family home in Riverbend, with the living experience likely enhanced by the above-average lot.

4. The home last sold in July 2020. What was the exact price?
Publicly available data shows a sold price range of CA$400k–450k. For fully verified and exact historical sale figures, you must request a manual lookup via the provided email service, as this site does not display MLS records.

5. Is a 1989-built home considered older for this area?
No. Built in 1989, this home is actually newer than the Winnipeg city average and is typical for its street. It falls within a mature, established period for the Riverbend neighborhood, meaning major components may be due for updates, but the core structure is from a modern building era.