Property Overview: 15 Lechman Place, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 980 sqft bungalow, built in 1979, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its key appeal lies in its financial accessibility and positional stability. With an assessed value of $352k, it sits comfortably around the city-wide average but is notably below the neighborhood average, suggesting a relative value opportunity within this specific area.
The home suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with a manageable footprint. Its living space is compact yet functional, ranking respectably among its immediate neighbors on Lechman Place. The lot size is smaller than area norms, which translates to less yard upkeep—a potential benefit for those prioritizing simplicity. A thoughtful perspective is that this property represents a "middle-ground" option: it’s not the largest or newest on the block, but its metrics suggest it is a typical, well-integrated home on its street, offering a sense of community consistency without a premium price tag. Its last known sale was between $300k-$350k in 2019, indicating a history of steady, moderate value.
Section 2: Frequently Asked Questions
1. Is this home significantly smaller than others in Winnipeg?
While its living area is below the neighborhood and city averages for its group, it is actually close to the average for homes on its own street. This indicates a street of similarly scaled homes, offering a comfortable fit without standing out.
2. Why is the assessed value lower than the River Park South average?
The assessed value reflects factors like the home’s smaller size and lot relative to many in the broader neighborhood, and its older build year compared to area averages. It positions the property as a more affordable option within this desirable community.
3. What does the lot size mean for me?
At 3,229 sqft, the lot is smaller than most in the area. This means less outdoor maintenance, which can be a advantage. However, it may limit expansion possibilities or extensive landscaping projects.
4. How can I find out the exact past sale price?
The provided data shows a sold price range. Due to industry rules, exact historical sale figures are not published automatically. You can request the exact sold price history by emailing the site directly for a manual lookup.
5. How does the 1979 build year compare?
The home is older than most in River Park South but is around the city-wide average age. This suggests potential for updates, but it also comes with the established infrastructure and mature landscaping of an older community.