Property Overview & Appeal
This well-situated one-storey home on a generous lot in Central River Heights presents a compelling blend of space, location, and established value. Its key characteristics include a renovated basement, a detached garage, and a substantial 2,105 sqft of living area—a size that ranks in the top 5% for the desirable Central River Heights neighbourhood. The lot size of over 6,000 sqft is also notably above average for the area, offering ample outdoor space.
The appeal lies in its strong positional metrics: it consistently ranks in the top tiers for land size, living space, and assessed value when compared to its immediate street and neighbourhood. This suggests a property that outperforms local norms. It last sold for $580,000 in March 2025, a price point that was above average for Winnipeg. The home suits buyers looking for a single-level layout in a prime, established neighbourhood, particularly those who value a large, versatile floor plan and the potential of a sizable yard over a brand-new build. A thoughtful perspective is that while the home itself is from 1960, its above-average dimensions on a sought-after street offer a classic "good bones" opportunity, whether for comfortable long-term living or for future modernization.
Frequently Asked Questions
1. How does the 1960 build year compare to nearby homes?
While 66 years old, the home is actually newer than most on its street and in Central River Heights, ranking in the top 6% and 2% respectively for its year of construction in those comparisons.
2. What does the assessed value indicate?
The assessed value of $73.20k is a municipal valuation for tax purposes, not a market price. Its elite ranking (top 3% citywide) historically indicates a property the city views as having a high value relative to others, which often correlates with desirability and market price.
3. Is the living space typical for the area?
No, it is quite large for the neighbourhood. With 2,105 sqft, it ranks in the elite top 5% for living area in Central River Heights, where comparable homes average about 1,346 sqft.
4. What is the significance of the lot size?
At 6,008 sqft, the lot is in the top 20% for size in Central River Heights. This is a key asset, providing more private outdoor space than many neighbouring properties and potential for gardening, expansion, or recreation.
5. How does the recent sale price context help?
The March 2025 sale at $580,000 placed the home above the average sale price for Winnipeg (top 10% citywide). This recent transaction provides a concrete, current benchmark for its market value in a way assessed value does not.