Property Overview: 20 Hathway Road, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River East home, built in 1976, presents a solid, middle-of-the-road offering in terms of size and lot. With 1,262 sqft of living space and a 5,638 sqft lot, it sits comfortably around the average for its street, neighborhood, and the wider city. Its standout characteristic is its assessed value of $424k, which ranks in the top 15% on its own street, indicating it is perceived as a higher-quality home within its immediate peer group.
The appeal lies in its established neighborhood setting and its position as a stable, predictable property. It’s not the largest or newest on the block, but it holds its value well locally. This would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a move-in-ready home in a mature area over a fixer-upper or a brand-new build. It’s for someone who appreciates a home that performs steadily against its direct comparables rather than one that makes a bold statement.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold in September 2021 for between $400,000 and $450,000. The current assessed value of $424k sits within that range, suggesting stable valuation.
2. Is the lot size a disadvantage?
The lot is slightly smaller than the street average but is not an outlier. It offers ample outdoor space for a family garden or patio while potentially requiring less maintenance than larger lots in the area.
3. What does the “above average” assessed value on the street mean?
Ranking 5th out of 33 homes for assessed value on Hathway Road suggests that municipal assessment views this property as having higher value-bearing features (condition, upgrades, layout) than most of its direct neighbors, even on a street of similar-aged homes.
4. Are there any obvious red flags in the data?
No major discrepancies are apparent. The home is consistently average or slightly better across most metrics (size, age, lot) for its immediate area, which indicates a typical, well-established property without unusual traits.
5. How can I verify the exact historical sale prices?
The provided sold price is an estimated range from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as this data is not sourced from the MLS.