Property Overview: 221 Vince Leah Drive, Winnipeg

Key Characteristics & Appeal

This home presents a solid, middle-of-the-market opportunity in Winnipeg's Riverbend neighborhood. Built in 1988, its 1,273 sqft living space and $417k assessed value are consistently "around average" when compared to the street, neighborhood, and city. This indicates a property that is neither over-improved nor under-improved for its context, offering a stable and predictable entry point into the area.

The standout feature is the land. The 8,110 sqft lot is significantly larger than most, ranking in the top 20% on its street and top 8% in Riverbend. This offers tangible value for buyers seeking outdoor space, gardening potential, or future expansion, setting it apart from otherwise comparable homes.

Its appeal lies in its balance and potential. It suits first-time buyers or downsizers looking for a manageable, established home in a mature neighborhood without extreme outliers in price or size. The generous lot is a key asset, offering a less obvious advantage over newer subdivisions with smaller yards. It’s a property for someone who values space over flash, and sees potential in a good piece of land with a straightforward, livable house.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The $417k assessment is a municipal valuation for tax purposes. Recent sold data suggests homes on this street have sold in the $350k-$400k range, though exact figures require verified lookup. The assessment provides a benchmark, but market conditions and the home's specific condition will determine the final price.

2. What does the "around average" ranking for living area and year built mean for me?
It means the home is typical for the area. You’re not paying a premium for unusually large square footage or a much newer construction, nor are you getting a notably small or older home. This can be an advantage, as it suggests the property should be in line with buyer expectations and neighborhood norms, potentially easing resale.

3. The lot size is a standout. What are the practical benefits?
Beyond simple outdoor space, a larger lot in a mature neighborhood like Riverbend can offer more privacy, better potential for landscaping or gardening, room for additions like a shed or deck, and possibly fewer perceived restrictions than a tight subdivision lot. It's a feature that is increasingly rare.

4. Are there recent comparable sales I can look at?
The page references nearby sales (e.g., 182 Vince Leah Drive sold for approx. $377k, 205 Vince Leah Drive at $504k). These show variability based on size, condition, and updates. A detailed, verified sales history for this specific address is available by request to get the most accurate picture.

5. Is this a good value compared to the rest of Winnipeg?
The city-wide data shows its assessed value is above the Winnipeg average, while its living area is slightly below. This indicates you are paying a premium for the specific location (Riverbend) and the larger lot size, rather than for a larger house. Value depends on how much you prioritize the neighborhood and land over sheer interior space.