Property Overview: 103 Redview Drive, Normand Park, Winnipeg
Key Characteristics & Appeal
This home at 103 Redview Drive presents a compelling mix of space, value, and established neighbourhood living. Its primary appeal lies in its generous 2,192 sqft living area, which ranks well above the Winnipeg city average, offering ample room for families. The assessed value of $719,000 is a standout feature, placing it in the top 3% city-wide, suggesting a premium property relative to most of the market. This creates an interesting dynamic: you are acquiring a home with elite city-wide valuation within a neighbourhood (Normand Park) where it is more in line with other above-average homes.
Built in 1987, the home is older than most on its street and in Normand Park, which may appeal to buyers who appreciate the character and established landscaping of an older property, but it is still newer than the typical Winnipeg home. The lot size of 6,169 sqft is slightly below the street average but provides a very manageable yard.
This property would best suit buyers looking for substantial interior space in a mature neighbourhood, who prioritize a strong assessed value position city-wide. It’s ideal for those who prefer a home with a proven history and established community feel over a brand-new build, and who see the value in a property that stands out significantly in the broader market while being a solid contender in its immediate area.
Frequently Asked Questions
1. How does the assessed value compare to the last known sale price?
The home sold in February 2016 for between $650,000 and $700,000. The current assessed value of $719,000 is above that range, reflecting market changes and the property’s strong standing.
2. The home is older than others on the street. What should I consider?
While the 1987 build date is older than the street average (1992), it is still newer than the typical Winnipeg home. This suggests potential for classic, well-built construction but warrants a close look at the condition of major systems like roof, windows, and HVAC, which may be due for updates or replacement.
3. What does the "top 3% city-wide" assessed value really mean for me?
This elite ranking indicates that, from a municipal assessment perspective, this property is considered more valuable than 97% of homes in Winnipeg. This can be a point of pride and a marker of a premium asset, though property taxes will be commensurate with this higher valuation.
4. Is the lot size a drawback?
At 6,169 sqft, the lot is smaller than others on Redview Drive but is close to the Normand Park and city averages. It offers a balance between outdoor space and lower maintenance, which many buyers find desirable.
5. How can I get the exact historical sale prices?
The site provides sold price ranges for general research. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.