Property Overview: 79 Riverstone Road, Winnipeg

Section 1: Key Characteristics & Buyer Profile

This 1,107 sqft home, built in 1988 on a 4,989 sqft lot in Riverbend, presents as a solidly average property within its immediate context. Its appeal lies in its stability and representativeness. The home’s living area, assessed value ($392k), and lot size all consistently rank as "around average" compared to its street and neighborhood, suggesting it fits seamlessly into a well-established community without extremes. A thoughtful perspective is that its citywide ranking for year built is "above average" (top 24%), indicating it is a relatively newer home compared to the broader Winnipeg housing stock, which may imply fewer concerns about aging infrastructure common in older cores.

The property would suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize neighborhood consistency over standout features. It’s for someone seeking a known quantity: a home that aligns with community norms in size, value, and vintage, offering a lower-risk entry into a stable area. Its last known sale was between $300k-$350k in late 2020, providing a recent benchmark for value assessment.

Section 2: Frequently Asked Questions

1. Is this home a good value compared to its neighbors?
The data suggests it is very typical. Its assessed value is almost exactly at the street average ($373.9k) and slightly below the neighborhood average ($410.2k), positioning it as a standard offering rather than an outlier in either price or size.

2. How does the lot size compare?
At just under 5,000 sqft, the lot is slightly smaller than the street and neighborhood averages. It provides standard outdoor space for the area but is not considered expansive.

3. The home was built in 1988. What should I consider?
While 38 years old, it’s newer than the average Winnipeg home (citywide average year built is 1966). Key systems like the roof, windows, and major mechanicals (furnace, water heater) may be due for inspection or updates, depending on their maintenance history.

4. What can the 2020 sale price tell me?
The previous sale in the $300k-$350k range provides a recent market anchor. Comparing that to the current $392k assessment can help gauge market movement, but an exact sale price requires a manual lookup from the site’s team.

5. Where does this property rank for living space?
With 1,107 sqft, it offers slightly less space than the street (avg. 1,216 sqft) and neighborhood (avg. 1,288 sqft) averages. It suits modest space needs and may indicate efficient, compact layout over spaciousness.