Property Overview & Key Characteristics
This 2013-built, one-storey home in River Park South offers a practical, modern layout with a renovated basement and an attached garage. Its key appeal lies in a combination of newer construction, above-average lot size, and a solid position within its immediate area. The property sits on a large lot (6,887 sqft), ranking in the top 12% for size on its street, providing ample outdoor space uncommon in many newer subdivisions. With 1,370 sqft of living space, the home is moderately sized, suitable for a small family, downsizers, or first-time buyers looking for a manageable footprint without sacrificing yard space.
Its assessed value ranks highly within Winnipeg, suggesting stable municipal valuation. The home would suit buyers seeking a move-in-ready property in a mature neighbourhood, who prioritize a large yard and newer systems over a sprawling floor plan. A thoughtful perspective is that while the living area is modest for the neighbourhood, the generous lot offers future potential for expansion or outdoor living, a trade-off that can be valuable for the right buyer.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
At nearly 6,900 sqft, the lot is significantly larger than average for Winnipeg, placing it in the top 18% city-wide. This is a standout feature for a home built in 2013.
2. The living area seems average; where does the value come from?
The value is supported by the newer build year (top 10% in Winnipeg), the renovated basement, the premium lot size, and a strong assessed value ranking in the top 16% of the city.
3. Is the neighbourhood considered established?
Yes. River Park South is a mature neighbourhood. The home itself is newer (2013), but it’s situated on a street with homes of varying ages, offering established greenery and amenities.
4. What does the sales history indicate?
It last sold in 2017. The price difference between then and the current assessed value suggests market appreciation, but a professional appraisal and market analysis are needed for today’s value.
5. Who might this home not suit?
Buyers seeking a very large interior or multiple stories may find the 1,370 sqft, one-storey layout limiting. It’s best for those who value low-maintenance, single-level living and outdoor space over sheer square footage.