Property Overview: 11 Zacharias Place, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established home on a quiet street in River East presents a compelling blend of space, location, and value. Built in 1980, it offers over 2,100 square feet of living area, which places it significantly above average for both the neighborhood and the city. The lot size of just under 7,800 square feet provides ample outdoor space, also ranking above Winnipeg norms.
The primary appeal lies in its strong positional value. With an assessed value of $577,000, this property sits in the elite tier (top 4%) for River East, indicating a premium home for the area. It last sold in July 2022 for an estimated $550,000–$600,000, a price point that was in the top 3% for the neighborhood at that time. This suggests a home that offers more space and stature than most in a sought-after community, without venturing into the luxury market city-wide. It would particularly suit buyers looking for a established family home with room to grow, who prioritize neighborhood character and getting more house for their budget compared to newer or more central subdivisions. It’s a solid choice for those seeking a property that stands out in its immediate community while representing a sound, above-average investment within Winnipeg.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold in mid-2022 for an estimated $550,000–$600,000. Its current assessed value of $577,000 sits within that range, suggesting the assessment aligns with its fairly recent market transaction.
2. Is the living space typical for this street and area?
The living area is about average for Zacharias Place itself, but it is notably larger than most homes in River East and Winnipeg overall, ranking in the top 8% for both.
3. What does the “Elite” neighborhood ranking for assessed value mean?
This means the home’s assessed value is higher than 96% of comparable properties in River East. It indicates this is one of the more valuable homes in the neighborhood, though it may be more average when compared to certain other Winnipeg communities.
4. How old is this home relative to others nearby?
Built in 1980, it is slightly newer than the average home on its street and in River East. City-wide, its age is around the average mark for comparable properties.
5. Where can I verify the exact historical sale price?
The precise sale price is not publicly displayed due to data source rules. You can request the exact figures via email from the site provider, who will manually look up and send the verified transaction history.