Property Overview: 340 Benn Avenue, Winnipeg

Key Characteristics & Appeal

This 1,536 sqft home in Riverbend, built in 1997, presents a compelling mix of space, value, and location. Its primary strength lies in its generous living area, which ranks above average for its street, neighborhood, and the city of Winnipeg. More notably, its assessed value of $466k is the highest on Benn Avenue, indicating it is viewed as a premium property within its immediate context. This suggests a home that is both well-sized and well-regarded by municipal assessment.

The appeal is nuanced. While the lot size is smaller than others on the street, this often translates to less yard maintenance—a potential plus for buyers seeking a balance of indoor space without extensive outdoor upkeep. The 1997 build date means it’s newer than most Winnipeg homes, likely incorporating more modern building standards, yet it’s settled into an established neighborhood. It would suit value-conscious buyers looking for a move-in-ready home in a mature area, particularly those who prioritize interior space and perceived value over a large yard. The recent sale in late 2024 also provides a clear, current market benchmark for comparison.

Frequently Asked Questions

1. Is the smaller lot size a disadvantage?
It depends on your lifestyle. While the lot is below the street average, it is near the neighborhood average. This typically means lower maintenance, which can be an advantage for those not wanting extensive yard work, though it may offer less privacy or room for expansions like large decks or pools.

2. Why is the assessed value so high compared to the street?
The home has the top assessed value on Benn Avenue. This generally reflects factors like the above-average living area, the home’s condition, improvements, and its specific location within the area. It suggests the municipality views this property as a high-caliber home on this street.

3. How does the recent sale price relate to the assessed value?
The home sold for an estimated $450k–$500k in October 2024. The assessed value of $466k falls within that range, indicating the assessment is closely aligned with recent market activity, which can provide confidence in its current valuation.

4. What does the "Top %" ranking mean for each category?
These rankings show how this property compares to similar homes in three scopes: its street, the wider Riverbend neighborhood, and all of Winnipeg. For example, living area ranks in the top 20% in Riverbend, meaning it's larger than 80% of comparable homes in the area.

5. Where can I verify the exact sale price and history?
The site provides sold price ranges for general reference. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.