Property Overview: 11 Wycombe Place, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,213 sqft bungalow, built in 1988, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its key characteristic is its positioning as a competitively priced entry point into a stable area. While the home has a smaller footprint and lot size compared to others on its specific street, it holds its own within the broader neighborhood and city context. Its assessed value of $460k is above the Winnipeg average, suggesting solid city-wide appeal, but is below the street average, indicating potential value relative to its immediate neighbors.
The appeal lies in its efficiency and location. The lot, at 5,719 sqft, is actually above average for River Park South, offering good outdoor space for its class. It suits first-time buyers or downsizers seeking a lower-maintenance property without leaving a well-established community. It’s a home for those who prioritize location and a manageable scale over sheer size, and who see the value in a property that is more affordable than its direct neighbors while still benefiting from the same area amenities and above-average city-wide valuation.
Section 2: Frequently Asked Questions
1. Is this house significantly smaller than others nearby?
Yes, compared to other homes on Wycombe Place itself, the living area is the smallest. However, within the wider River Park South neighborhood and across Winnipeg, its size is around the average mark.
2. Why is the assessed value higher than the city average if the house is smaller?
The assessed value reflects more than just square footage. It accounts for the desirable River Park South location, the above-average lot size for the neighborhood, and the overall property values in the area, which are stronger than many parts of Winnipeg.
3. What does the recent sale history indicate?
The home sold in August 2022 for an estimated $450k-$500k, and prior to that in April 2021 for $400k-$450k. This shows active market interest and price appreciation over a short period, underscoring the area's demand.
4. How does the lot size compare?
While it's the smallest lot on Wycombe Place, at 5,719 sqft it is actually larger than the typical lot in the River Park South neighborhood. This is a less obvious advantage, providing more private outdoor space than many area homes.
5. Where can I get verified, exact sale prices for this home?
The public data shows price ranges. Due to industry regulations, exact MLS sale figures are not published here. You can request the full transaction history and exact sold prices by emailing the site directly for a manual lookup.