Property Overview: 114 Strand Circle, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1980-built home in River Park South presents a practical and affordable entry point into a mature Winnipeg neighborhood. With 969 square feet of living space and an assessed value of $369,000, it sits comfortably around the average for its immediate street but below the broader neighborhood average, suggesting a value-oriented position. Its standout characteristic is its age relative to the street—it is the oldest home on Strand Circle, which can imply well-established landscaping and a settled streetscape, but also signals a potential focus on maintenance and updates.
The appeal lies in its affordability and location within a family-oriented community. The lot, while smaller than most in the area at 3,401 sqft, offers manageable upkeep—a plus for first-time buyers, downsizers, or those seeking a lower-maintenance yard. Recent sales data indicates it sold within the last two years in the $350k-$400k range, aligning with its assessment and reinforcing its status as a competitively priced option.
This property would best suit a pragmatic first-time homebuyer or an investor looking for a straightforward rental property in a stable area. It’s less suited for those seeking ample space or a modern, turn-key home, but ideal for someone comfortable with a home of this vintage and seeing potential in its established setting and relative value.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 969 sqft, the living area is slightly below the average for Strand Circle (~1,097 sqft) and more notably below the wider River Park South neighborhood average (~1,410 sqft). This indicates a more compact, efficient floor plan typical of its era.
2. Is the assessed value in line with recent sale prices?
Yes. The $369,000 assessment is consistent with its reported sale price range of $350,000-$400,000 in late 2023. This suggests the assessment reflects current market value.
3. What does it mean that this is the oldest home on the street?
Built in 1980, it is the original home on the block. This often means mature trees and landscaping, but it also suggests that major components (like the roof, windows, or heating system) may be older or have been updated at different times, so a thorough inspection is advisable.
4. How does the lot size impact the property?
The 3,401 sqft lot is smaller than most in the neighborhood. This reduces yard maintenance but also limits expansion potential and outdoor space compared to neighboring properties.
5. Where can I get verified historical sale data for this property?
The site notes that exact sale figures are not displayed publicly due to industry rules. They offer a manual lookup service; you can request the exact sold price history by emailing them directly through the provided link on the property page.