Property Overview: 150 Alburg Drive, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1984 bungalow in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. Its key characteristic is its modest 990 sqft living area, which is notably smaller than most homes on its street and in the broader area. This is balanced by a reasonably sized 5,440 sqft lot and an assessed value of $360k, which sits around the city-wide average but is below average for its immediate neighborhood.
The appeal lies in its value proposition and efficiency. It suits first-time buyers or downsizers seeking a lower-maintenance home without leaving a popular suburban area. The home’s year built is actually above average for both the street and the city, suggesting a potentially newer roof, windows, or mechanical systems compared to many peers—a less obvious but valuable practical advantage. It’s a property for those prioritizing location and lot size over square footage, who see potential in a smaller, manageable footprint that can be updated over time. The last known sale was between $250k-$300k in mid-2020, indicating significant equity growth if that data is accurate.
Section 2: Frequently Asked Questions
1. Is the house significantly smaller than its neighbors?
Yes. At 990 sqft, the living area is below the average for Alburg Drive (1,438 sqft), River Park South (1,410 sqft), and Winnipeg overall (1,342 sqft). This indicates a more compact, efficient layout.
2. How does its assessed value compare?
The $360k assessment is below average for the street and neighborhood but is very close to the city-wide average for comparable homes. This suggests you may be paying for the location and lot, with the home itself valued modestly.
3. What does the "year built" ranking mean?
Built in 1984, it is newer than most homes on its street and in Winnipeg overall. This can be a positive indicator for the age of major components like plumbing, electrical, and the foundation relative to older stock.
4. Can I get the exact historical sale price?
The site provides an estimated sale price range from 2020. Due to industry rules, exact MLS sale figures are not published here. You can request the exact sold price history via email from the site provider for verified data.
5. What are the nearby homes like?
Immediate neighbors on Alburg Drive are similar in age but generally larger in size and have higher assessed values. This property is among the more compact and value-oriented options on the block.