Property Overview: 126 Kingsclear Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 2017-built home in River Park South presents a compelling mix of modern convenience and established neighbourhood value. With 1,460 sqft of living space, it sits around the average for both the neighbourhood and the city, offering a practical layout for everyday living. The standout feature is its age; built in 2017, it ranks in the top 1% of homes in River Park South and the top 5% city-wide for new construction, suggesting lower immediate maintenance costs and modern building standards.
The appeal lies in its above-average investment profile within a mature area. While the lot size is slightly smaller than others on its street, the property’s assessed value of $555k ranks well above neighbourhood and city averages (top 14% and 12%, respectively). This indicates that the market recognizes a premium for this home’s relative newness and condition compared to the broader area’s older housing stock. It last sold in late 2023 for an estimated $600k-$650k, a price point that placed it in the top 4% for the neighbourhood.
This property would suit buyers seeking a move-in ready home in a settled south Winnipeg community, who prioritize modern systems and finishes over a larger lot. It’s a practical choice for professionals or small families looking for a balance between a newer build and the established greenery and amenities of River Park South, without the premium of a brand-new subdivision.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
At 5,518 sqft, the lot is smaller than the average on Kingsclear Drive but is very close to the neighbourhood average. This typically means lower yard maintenance and may appeal to those who prefer indoor living space over extensive outdoor upkeep, though it may offer less privacy or expansion potential than larger lots on the street.
2. Why is the assessed value higher than the neighbourhood average?
The assessed value is significantly above the River Park South average primarily due to the home’s age. Being built in 2017, it is decades newer than the neighbourhood average (1990), which is reflected in its valuation for modern construction, systems, and expected lower depreciation.
3. What does the sold price history indicate?
The home sold in December 2023 for an estimated $600,000-$650,000. This price was in the top 4% for the neighbourhood at that time, demonstrating strong market demand for newer homes in the area and suggesting it commanded a premium over its assessed value.
4. Is this a good street within River Park South?
The data suggests Kingsclear Drive is a street of desirable, above-average-value homes. The average assessed value on the street is over $546k, and the home at 126 Kingsclear Drive sits just above that street average. The street itself consists of relatively newer homes (average year built 2007).
5. How can I get the exact past sold price?
Due to industry data rules, exact sold prices from the MLS are not displayed on this site. You can request the full transaction history and exact figures by email using the provided form. The service is manual but typically completed by the end of the same business day.