Property Summary: 23 Wisteria Way, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 23 Wisteria Way in Riverbend is a study in desirable contrasts. Its key strength is its modern age within an established neighborhood. Built in 2008, it is newer than 99% of homes on its street and 97% of homes in Riverbend, suggesting less immediate worry about major system replacements and potentially more contemporary layouts. With 1,464 sqft of living space, it offers more room than the neighborhood average, positioning it as a comfortably sized home in its immediate area, though it is slightly more compact than others on Wisteria Way itself.

The appeal lies in its strong value positioning. The assessed value of $495k sits well above the averages for both Riverbend and Winnipeg, yet is perfectly aligned with the norm for its own street. This indicates you are buying into a premium pocket of the neighborhood, where property values are consistently higher. The lot size is manageable at just under 5,000 sqft, offering yard space without the burden of extensive maintenance.

This property would ideally suit buyers seeking a modern, low-maintenance home in a mature neighborhood without paying a premium for the largest house on the block. It’s a smart choice for professionals, small families, or downsizers who value newer construction, neighborhood stability, and a home that holds its value well relative to the wider city.

Section 2: Frequently Asked Questions

1. Is the home’s smaller size compared to its street a concern?
Not necessarily. While the living area is below the street average, it remains above the neighborhood and city averages. This often translates to a more efficient, modern floor plan with less wasted space and lower utility costs, all while being situated among larger, more valuable homes.

2. How reliable is the sold price data shown?
The displayed sold price range (CA$500k–550k in August 2022) is based on publicly available data. For fully verified, exact historical sale figures, you must request a manual lookup from the site via email, as they do not have access to MLS sales records.

3. What does the "Elite" ranking for year built actually mean?
It means the home is among the very newest in its comparison groups. On Wisteria Way, it’s ranked #1 out of 81 homes for being new. This is a significant advantage, typically implying newer building materials, modern insulation standards, and updated electrical and plumbing systems compared to much of the existing housing stock.

4. The assessed value is high for the area but average for the street. What does this signal?
This signals that Wisteria Way is a high-value street within the Riverbend neighborhood. You’re buying into a micro-market where properties consistently command higher prices, which can be a stabilizing factor for your investment compared to a similarly priced home on a less consistent street.

5. Are the nearby comparison homes truly similar?
The listed nearby properties (e.g., 11, 43, 79 Wisteria Way) are useful benchmarks for year, size, and value on the same street. However, details like condition, interior updates, and lot specifics will vary. They best serve as indicators of the local market context rather than direct comparables.