Property Overview: 142 Charing Cross Crescent, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established home on a generous lot presents a solid, no-surprises opportunity in the River Park South neighborhood. Built in 1981, its key appeal lies in its relative maturity and stability within its immediate street context. While its 1,162 sqft living area and $370k assessed value are generally average when viewed across the wider city or neighborhood, the property holds some distinct positional advantages on its own crescent.
Its standout characteristic is being one of the newer homes on its specific street, ranking in the top 2% locally for year built. This suggests potentially fewer immediate concerns with aging infrastructure compared to direct neighbors. The lot size is also slightly above the street average, offering a bit more outdoor space. The home last sold in early 2022 for an estimated $350k-$400k, a price point that was competitive for the area at the time.
This property would suit a practical buyer looking for a grounded entry into a mature suburban community. It’s ideal for someone who values a stable street where the home’s age is actually an advantage among peers, and who is comfortable with a home size that meets typical needs without excess. It may also appeal to a value-conscious buyer noting that its assessed value sits below the neighborhood average, which could present a relative value opportunity if the home is well-maintained.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others on the street?
While average in size and value for the street, this home is the newest on the block (built 1981). This could mean updated core components compared to neighbors, but a specific inspection is needed to verify the condition of the roof, windows, and major systems.
2. Is the assessed value a reliable indicator of market price?
The $370k assessment is a municipal valuation for tax purposes. Notably, it's below the River Park South neighborhood average of ~$447k but aligns closely with the Winnipeg city average. Market price is influenced by current condition, updates, and market trends, so it can differ significantly.
3. What does the lot size mean for potential use?
At just over 5,000 sqft, the lot is larger than most on Charing Cross Crescent. This allows for a decent backyard, garden space, or potential for additions like a shed or deck, subject to city bylaws.
4. The home sold in early 2022. What does that recent sale tell us?
The prior sale in a strong market indicates the home was transactable at a competitive price. It provides a modern benchmark, but the market has evolved since. Understanding why it sold then and any changes made since is important.
5. Are there any obvious red flags from this data?
The data itself doesn't show red flags, but prompts key questions. The living area is below the neighborhood average, so room sizes or layout may be more modest. Being newer than street peers is positive, but a 40+ year-old home still requires a thorough inspection for aging components regardless of its ranking.