Property Overview: 483 Headmaster Row, Winnipeg
Key Characteristics & Appeal
This 1,611 sqft home, built in 1987, presents a compelling blend of established community and above-average space. Its primary standout feature is the generous 10,702 sqft lot, which ranks in the top 3% on its own street and top 5% city-wide, offering exceptional outdoor potential compared to most Winnipeg homes. The property holds an assessed value of $497k, placing it above average for both the River East neighborhood and the city overall.
The appeal lies in its balanced positioning. It’s not the newest or largest home on the block, but it consistently performs above regional and city benchmarks for size and value, suggesting a solid, well-regarded property in its area. The lot size is a rare asset, ideal for gardening, expansion, or simply enjoying ample private space. This home would suit buyers looking for a established property in a mature neighborhood who prioritize land size over a brand-new build, and who appreciate a home that offers more room than the typical city lot.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in late 2017 for between $400k-$450k. At its current $497k assessment, it ranks above the street’s average assessed value, indicating its official valuation has grown relative to many neighbors.
2. Is the home older or newer than others in River East?
Built in 1987, the home is notably newer than the average for the River East neighborhood (1976), ranking in the top 4% for its age in the area. On its own street, however, it is slightly older than the average build year.
3. What does the “Elite” ranking for lot size mean practically?
It means the property’s land area is significantly larger than most. With over 10,700 sqft, the lot is roughly 70% larger than the average lot on Headmaster Row and provides a substantial amount of private outdoor space uncommon in the city.
4. Are the sold price figures shown exact?
No. The publicly available data shows sold price ranges in $50k bands. To obtain the exact historical sale figures, you must request a manual lookup from the site, which they provide via email.
5. How does the living space compare to a typical Winnipeg home?
With 1,611 sqft of living area, this home is above the city-wide average (1,342 sqft) and the River East average (1,399 sqft), offering more interior space than approximately 75% of comparable homes in Winnipeg.