Property Overview
This 986 sqft bungalow at 11 Ashford Drive in Winnipeg's River Park South neighborhood presents a specific value proposition. Built in 1980, it sits on a slightly larger-than-average lot for its street. The home's assessed value of $417k is notably above the street average, suggesting it is well-maintained or updated relative to its immediate peers, despite its living area being more compact than most in the area. Its appeal lies in being a potentially well-kept, lower-maintenance property in an established community, offering a relatively affordable entry point into homeownership. Recent sale history shows steady price appreciation.
This property would suit first-time buyers or downsizers seeking a manageable space without a large renovation project. It may also attract investors looking for a stable rental property in a mature neighborhood. A thoughtful perspective is that its higher assessment on a street of smaller homes could indicate it's a standout property on the block, but buyers should confirm this through a viewing. Its smaller size is a trade-off for a more efficient layout and lower utility costs.
Frequently Asked Questions
1. Why is the assessed value above the street average when the home is smaller?
Assessed value considers factors beyond size, including condition, updates, and lot characteristics. The above-average valuation suggests the property may have improvements or a favorable configuration not reflected in square footage alone.
2. What does the sale history tell us?
The home sold in 2018 and again in 2021, each time at a higher price range, indicating consistent market demand and appreciation in the area over that period.
3. Is the smaller living area a concern?
It depends on your needs. The home ranks below area averages for size, which means it's more compact. This can be an advantage for those seeking lower maintenance and cost, but may not suit those requiring more space.
4. How can I get the exact past sale prices?
The site provides estimated price ranges. To obtain exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. How does the lot size compare?
At 5,391 sqft, the lot is slightly larger than the average on Ashford Drive. This could allow for more outdoor space or landscaping potential compared to direct neighbors.