Property Overview: 7 Red Maple Road, Riverbend, Winnipeg

Section 1: Key Characteristics & Appeal

This 826 sqft home, built in 1987 on a 3,000 sqft lot, presents a specific and practical opportunity in Winnipeg’s Riverbend neighborhood. Its primary appeal lies in its position as an accessible entry point into a well-established area. With an assessed value of $313k, it sits below the averages for both its street and neighborhood, yet aligns closely with the wider Winnipeg average. This creates a value proposition: you’re acquiring a home in a desirable locale at a price point that is competitive city-wide, albeit in a smaller, older package than many nearby properties.

The home would suit first-time buyers or downsizers seeking to establish themselves in Riverbend without the premium price tag of larger, newer homes on the street. It’s a pragmatic choice for those who prioritize location and community over square footage, and for whom a manageable lot size and a simpler, older home represent lower maintenance rather than a drawback. A thoughtful perspective is that this property’s below-average metrics on its own street could signal less pressure for extensive, high-end renovations, allowing a new owner to make gradual, personal updates.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others in the area?
At 826 sqft, the living area is below the neighborhood average. However, it is closer to the average for Red Maple Road itself, suggesting the street has a mix of home sizes. This is a more compact home suited for efficient living.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value is for municipal tax purposes. Notably, it is below the street and neighborhood averages, which may indicate room for value growth. For a precise market valuation and to see exact historical sold prices for the area, a professional appraisal or direct request for verified sales data is recommended.

3. What does the year built (1987) imply for maintenance?
Built in the late 1980s, major components like the roof, windows, and heating system may be nearing or past their typical lifespan. A thorough inspection is advised to budget for potential updates, which is common for homes of this era.

4. The lot size seems smaller than others. What are the implications?
The 3,000 sqft lot is below average for the area. This means lower exterior maintenance (less mowing, landscaping) but also limited space for expansions, large decks, or extensive gardening compared to neighbors.

5. Where can I see verified past sale prices for this home?
The provided data shows an estimated sale range from 2017. To obtain the exact sale history and figures, you must request a manual lookup via email from the service, as they do not display MLS records directly on the site.