Property Overview: 174 Summerfield Way, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,200 sqft home, built in 1973, presents a clear value-oriented proposition in Winnipeg's River East neighborhood. Its primary appeal lies in its efficient use of space and its position as one of the newer homes on its street, offering a relative modern advantage among immediate neighbors. The assessed value of $254k is notably below averages for the street, neighborhood, and city, suggesting a potentially lower property tax burden and an accessible entry point into the market.
The home would suit first-time buyers or practical investors seeking a functional, no-frills property with solid fundamentals. Its living area is above average for Summerfield Way, indicating good interior space for its peer group, though the lot size is more compact. A thoughtful perspective is that this property represents a "middle ground" home—it's not the largest or on the biggest lot, but it avoids the premiums of newer builds or extensive renovations, offering a balanced, move-in-ready canvas. It’s ideal for someone who prioritizes living space and a newer build year over a large yard, within a stable, established community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
While the assessed value is a key municipal metric for calculating taxes, it is not the same as market value. This lower assessment likely reflects the home's specific attributes, such as its smaller lot size, and may result in comparatively lower property taxes—a tangible financial benefit for the owner.
2. How does the living area compare to nearby homes?
The living area of 1,200 sqft is actually above average for Summerfield Way itself, ranking in the top 9% on the street. This means you get more interior space than many direct neighbors, though it is closer to the citywide average when compared to a broader area.
3. What does the sale history indicate?
Records show the property last sold between $200k-$250k in June 2017. This historical price, combined with the current assessed value, provides a benchmark for its value trajectory over the past several years.
4. Is the smaller lot size a significant drawback?
That depends on your lifestyle. The 3,185 sqft lot is below average in size, which means less yard maintenance but also less private outdoor space. For buyers who prioritize a low-maintenance exterior or who value interior square footage over yard size, this can be a suitable trade-off.
5. How can I get the exact past sale price?
The displayed sale price is a range. To obtain the exact historical sale figures, you can request a manual lookup via email through the site. This service is provided without obligation and does not use your email for marketing.