Property Overview: 95 Redview Drive, Normand Park, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition within Winnipeg’s real estate landscape. Its key characteristic is a notable contrast between its local and city-wide standing. With 1,542 sqft of living space and a 1987 build date, it is a more compact and older option compared to most homes in the immediate Normand Park area and on its own street, where houses tend to be larger and newer. However, this same profile makes it above average when viewed across the entire city, offering more space than the typical Winnipeg home.
The primary appeal lies in its generous 7,502 sqft lot, which is well above average for both the neighbourhood and the city, providing significant outdoor space and potential. The assessed value of $472k further defines its position: while it sits below the norm for the affluent pocket of Normand Park, it is a premium offering compared to the city-wide average, suggesting you are paying for the location and land.
This property would best suit a buyer who prioritizes land size and location within a established community over having the largest or newest house on the block. It’s a practical entry point into a desirable area, ideal for those who value space for gardens, play, or future projects, and who are comfortable with a home that may require updates reflective of its late-80s construction.
Frequently Asked Questions
How does this home’s value compare to its last sale?
The home sold in July 2016 for between $350,000 and $400,000. Its current assessed value of $472,000 indicates appreciation, consistent with broader market trends over that period.
Is the living space sufficient for a family?
At 1,542 sqft, the living area is functional for a family, though it is notably smaller than many neighbouring homes. The significant lot size can offset this by providing ample room for outdoor living and recreation.
What does the 1987 build year mean for maintenance?
Built 39 years ago, the home is from an era with modern wiring and plumbing basics. Buyers should budget for updates to age-related components like windows, roofing, and major appliances, and consider an inspection to evaluate the condition of these systems.
Why is the assessed value lower than neighbours'?
The assessed value is lower than area averages primarily due to the home’s smaller square footage and older age compared to nearby properties. The valuation reflects the physical characteristics of the house itself, not just the land or location.
Can I see the exact historical sold price?
The public listing shows a sold price range. To obtain the exact figure and a full transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.