Property Overview: 113 Reiny Drive, Winnipeg
Key Characteristics & Appeal
This 1975-built home in River East stands out primarily for its generous living space. At 1,968 sqft, it offers significantly more room than the average home on its street, in the neighborhood, and across Winnipeg, placing it in the top 12% city-wide for size. This creates immediate appeal for growing families or anyone seeking spacious, traditional layouts often found in homes of this era.
The assessed value of $436k is consistent with the local area, suggesting a fairly priced entry point for the amount of space provided. The lot size is standard for the street. While the home is slightly older than most on Reiny Drive, its construction date is typical for the broader neighborhood and city.
The appeal lies in securing above-average square footage in a stable, established area without a premium price tag. It suits practical buyers who prioritize interior space over a newer build or a particularly large yard. It’s a home for those who see value in well-proportioned rooms and are comfortable with the maintenance and update potential of a house approaching 50 years old.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $450k-$500k in late 2022. The current assessed value of $436k is in line with that range, indicating stable market value in the period since.
2. Is the older construction year a concern?
At 49 years old, the home is slightly older than its immediate neighbors. This typically means potential systems (like roof, windows, furnace) may be due for updates or have been recently replaced. A thorough inspection is advised to understand the condition and any upcoming capital expenses.
3. What does the "top 12%" city-wide ranking for living area really mean?
It means that out of all comparable homes in Winnipeg, 88% have a smaller living area. This is the home's strongest statistical feature, confirming it offers more interior space than the vast majority of similar properties in the city.
4. Are the property taxes likely to be high?
Taxes are based on the assessed value. With an assessment that is around the average for the street and neighborhood, the property taxes should be reasonably predictable and in line with other homes of similar size and value in River East.
5. How can I verify the exact historical sold prices?
The website notes that due to industry rules, exact MLS sold data is not displayed. They offer a manual lookup service where you can request the full transaction history via email to get verified figures.