Property Overview: 107 Redview Drive, Normand Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 107 Redview Drive presents a compelling value proposition rooted in its above-average city-wide standing. With 2,027 sqft of living space, it offers more room than roughly 90% of Winnipeg homes, making it a spacious choice for the price. Its assessed value of $499k is notably above the city-wide average, yet it sits below the averages for its immediate street and neighborhood, suggesting a potential value opportunity within the desirable Normand Park area.
The appeal lies in this balance of space, location, and relative value. It’s a home that offers city-wide bragging rights for size and lot (6,169 sqft) without the premium price tag of its closest peers. Built in 1987, it is newer than many city homes but may require updates compared to newer builds in the area. This property would suit practical buyers looking for established neighborhood charm, more square footage for their budget, and who are comfortable with a home from the late 80s that might benefit from modernization. It’s a solid choice for families or long-term owners who prioritize space and location over a turn-key, contemporary finish.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $499k is for municipal tax purposes. Notably, it is below the average assessed value for both Redview Drive and Normand Park, which could indicate a favorable position for negotiation or a reflection of the home’s condition or features relative to neighbors.
2. What does the sale history tell us?
The home last sold between $400k-$450k in February 2017. The significant increase to its current assessed value aligns with broader market trends, but a buyer should investigate recent comparable sales in Normand Park for a clearer picture of today’s market value.
3. Is the lot size a pro or con?
At 6,169 sqft, the lot is above average for Winnipeg but smaller than most on Redview Drive. This means you still get a sizable yard by city standards, but with potentially less maintenance than the larger lots directly surrounding it.
4. What are the implications of the 1987 build year?
While newer than the Winnipeg average, this age means core components like the roof, windows, and major systems (HVAC, plumbing) are likely within or beyond their typical service life. A thorough inspection is crucial to budget for potential updates or replacements.
5. How can I verify the exact past sale prices?
The site provides sold price ranges for general research. To obtain exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system available to real estate agents.