64.2
Fair
Property score
64.2
Fair
Overall 64.2
Smaller than most nearby homes
861 sqft (bottom 5%)
Built in 1989 (4 yrs older than avg)
Located in a high-income area
with median household income of ~130k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 2 schools, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Near average
4 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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64.2 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
224 Red River Boulevard W — 3 amenities found within 500 m, across 2 categories, including 2 education (nearest 354 m), 1 parks (nearest 319 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 29% | Top 42% | Top 38% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 16% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 224 Red River Boulevard W, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1989-built bungalow in Riverbend offers a practical, entry-level opportunity in a well-established neighborhood. With 861 square feet of living space, the home is notably compact, ranking below average in size for its street, neighborhood, and city. This characteristic defines its core appeal: it is a manageable, lower-maintenance property with an assessed value ($368k) that is competitive city-wide.
The appeal lies in its efficient use of a generous 6,120 sqft lot, which is above average for the Riverbend area, offering valuable outdoor space and potential. The home is newer than most in Winnipeg, suggesting potentially fewer immediate concerns related to aging infrastructure. It suits first-time buyers, downsizers, or investors seeking a foothold in a stable neighborhood without the upkeep of a larger house. The recent sale history indicates steady appreciation, and its below-average size and value for Riverbend could represent a relative value proposition for those prioritizing location and land over square footage.
Frequently Asked Questions
1. Is the living area too small for a couple or small family?
While compact at 861 sqft, the layout and functionality are key. It may suit a couple or a small family depending on the floor plan efficiency. The generous lot size offers potential for future expansion, subject to permits and zoning.
2. How does the assessed value compare to recent sale prices?
The current assessed value is $368k. The property last sold in August 2021 for between $350k-$400k. For precise, verified sale figures, you can request a manual lookup via email from the site.
3. What are the implications of the home being "below average" in size for the area?
This typically means a lower utility cost and less maintenance. It can also translate to a more affordable entry point into the neighborhood compared to larger homes on the same street, though it may affect resale value relative to bigger properties.
4. The lot is large for the neighborhood. What does that mean for me?
An above-average lot size in Riverbend is a significant asset. It provides more private outdoor space, better potential for gardening, parking, or storage, and could allow for additions like a shed, deck, or even a future home expansion.
5. How current and reliable is this sold price data?
The provided sold price ranges are based on publicly available data, not the MLS. For fully verified and exact transaction history, you must request a manual email lookup from the site provider, as industry rules prevent displaying official MLS records here.
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