Property score
52.9
Fair
Overall 52.9 · Smaller and older than most nearby homes
836 sqft (bottom 3%) · Built in 1947 (46 yrs older than avg)
Located in a high-income area with median household income of ~93k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 4 dining spots, 2 schools, 1 healthcare facility, and 3 parks nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Below average
46 yrs older than neighborhood avg.
Mother tongue
English · 74%Tagalog · 5%
Past 10 years Riverbend sales snapshot (~80% of all data)
523
460k
$325/sqft
1993
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52.9 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: #46111234
$93K
Median household income
$98K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
16%
Single-person households
31%
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
241 Ridgecrest Avenue — 13 amenities found within 500 m, across 6 categories, including 4 dining (nearest 274 m), 2 education (nearest 258 m), 1 healthcare (nearest 415 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%
241 Ridgecrest Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1947-built, one-storey home at 241 Ridgecrest Avenue sits on a generous 5,720 sqft lot in Winnipeg's Riverbend neighbourhood. Its primary appeal lies in its balance of a sizable, established lot with a very modest property tax base, as reflected in its low assessed value of $24,500. The home itself is compact at 836 sqft with an unrenovated basement, positioning it as a true blank canvas or a potential redevelopment opportunity.
The property suits specific buyer profiles: first-time buyers or investors seeking an entry point into a stable neighbourhood with a low carrying cost, or builders/renovators who see value in the land and the potential to either significantly update the existing structure or rebuild. A less obvious perspective is its appeal to those seeking simplicity; the small living footprint can be a deliberate choice for downsizing or minimalist living, with the large yard providing outdoor space without the burden of maintaining a large house. Notably, while the home is among the oldest and smallest on its street, it offers a relative rarity—a lot size well above the neighbourhood average, suggesting more privacy and space than typical for the area.
Frequently Asked Questions
1. What does the low assessed value mean for property taxes?
A low assessed value typically results in lower municipal property taxes compared to neighbouring homes, which is a key financial advantage. However, a significant renovation or rebuild would trigger a reassessment and likely increase the tax bill.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original, utilitarian condition and budget for any desired improvements, such as moisture-proofing, insulation, or finishing.
3. How does the lot size compare to others nearby?
At 5,720 sqft, the lot is notably larger than average. It ranks in the top 22% for size within the wider Riverbend neighbourhood, offering more outdoor space than many modern lots.
4. The home is older and smaller than others on the street. Is this a concern?
This defines the property's character. It is not a move-in-ready, modern family home but a property where value is derived from the land and potential. It ranks as the oldest and has the smallest living area on its specific street, which is factored into its pricing.
5. What type of renovation or rebuild potential exists here?
The large lot and one-storey structure provide flexibility. Potential ranges from a comprehensive renovation and addition to the existing home to a full teardown and rebuild, subject to local zoning bylaws. The low current value primarily reflects the existing structure, not the land's potential.
