Property Overview: 482 River Road, Winnipeg
Key Characteristics & Appeal
This home at 482 River Road in Minnetonka presents a compelling mix of space, modern age, and value. Built in 1985, it is notably newer than many homes on its street and in the wider city, which often translates to fewer concerns over major aging infrastructure. With 1,740 sqft of living area, it offers above-average interior space for both the neighbourhood and Winnipeg overall, suitable for a growing family or those wanting comfortable room to live.
The appeal lies in its strong value proposition. The home's assessed value sits consistently in the top 20-25% when compared to similar properties in Minnetonka and citywide, suggesting it is a well-regarded asset in its class. A recent sale in the $500k-$550k range in 2024 confirms active market interest. It’s important to note the lot size of 6,163 sqft is more compact than others on River Road, but is still above the Winnipeg average. This could be a practical perk for buyers who prefer less yard maintenance without sacrificing outdoor space entirely.
This property would best suit pragmatic buyers looking for a move-in-ready home that balances modern conveniences with established neighbourhood character. It’s ideal for professionals or families who prioritize interior space and a newer build over a sprawling lot, and for those who appreciate a home that holds a strong, above-average position in key metrics like assessed value and year built within the market.
Frequently Asked Questions
1. How does the lot size compare to neighbours?
The lot is 6,163 sqft, which is below the average for River Road specifically but remains above the average lot size for the entire City of Winnipeg. It offers a manageable yard.
2. Is the home older or newer than most in the area?
Built in 1985, this home is newer than the average house on its street, in Minnetonka, and across Winnipeg. This is a distinct advantage in terms of potential updates and systems.
3. What does the assessed value ranking mean?
The home’s assessed value places it in the top 23% on its street, top 20% in Minnetonka, and top 16% citywide against comparable properties. This indicates it is consistently valued higher than most peers, often a sign of good condition or desirability.
4. How can I find out the exact past sale price?
The provided sale price is a public range. The exact sale price history is available by request via email from the listing service, which they provide manually.
5. How does the living space compare?
At 1,740 sqft, the living area is above average for both the Minnetonka area and Winnipeg as a whole, offering more interior space than approximately 75-80% of comparable citywide homes.