Property Overview
This home at 729 River Road in Winnipeg's Minnetonka neighbourhood presents a practical opportunity. Built in 1976, it sits on a 5,176 sqft lot and offers 1,185 sqft of living space. The data suggests a property that is modest in scale for its immediate street and area, but aligns more closely with city-wide averages, indicating a home that fits a classic, no-frills Winnipeg profile.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficiency and relative value. With a living area and assessed value that are below average for River Road but around the city-wide norm, it represents a more accessible entry point into the neighbourhood. The lot, while smaller than many on the street, is near the city-wide average, offering manageable outdoor space without excessive upkeep.
Its suitability is for pragmatic buyers: first-time homeowners seeking a foothold in the area, downsizers looking for a manageable property, or investors interested in a straightforward rental. The home’s age (50 years) means potential buyers should be prepared for maintenance or updates, but it also places the home as one of the newer builds on its street, which could imply more modern systems than some neighbours. A thoughtful perspective is that its "below average" metrics for the street aren't necessarily drawbacks; they can translate to lower property taxes and less space to heat and maintain, appealing to a budget-conscious lifestyle.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $39,500 is for municipal tax purposes and is typically much lower than market value. The last known sale was between $250k-$300k in 2018, which is a better reference point for current market expectations.
2. Is the lot size a disadvantage?
While the lot is smaller than most on River Road, it is near the Winnipeg average. This means less yard maintenance, which can be a positive for those not wanting extensive gardening or landscaping responsibilities.
3. What does the home’s ranking in "Year Built" mean?
Ranking in the top 29% on its street for year built means it is one of the newer homes in that specific group. This could be an advantage, suggesting potentially newer roofing, wiring, or plumbing compared to older neighbours, though a full inspection is essential.
4. Why is the sold price history only a range?
Exact sale prices in Manitoba are not publicly posted online. The provided range is estimated from public data. You can request the exact historical sold price by emailing the listing service.
5. Who would this property not suit?
It may not suit buyers looking for a large, expansive lot or those seeking a move-in-ready home with recent, high-end renovations. Given its size and metrics, it's less likely to fit families needing significant space for growth or individuals wanting a premium, low-maintenance property.