Property Overview: 18 Orford Crescent, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of above-average space and established value in the sought-after River Park South neighborhood. Built in 2000, it offers modern construction while being part of a mature community. Its key strength is its generous 1,756 sqft living area, which ranks above average for its street, neighborhood, and city-wide, providing more interior space than many comparable homes.
The appeal is anchored in its significant investment profile. With an assessed value of $610,000, it ranks in the top 8% on its street and the elite top 5% within River Park South. This suggests a property that has appreciated well and is positioned among the higher-caliber homes in the area. The lot size is typical for the locale, offering standard outdoor space without extreme maintenance.
This property would ideally suit buyers looking for a move-in ready, spacious family home in a stable suburban setting, who also view their purchase as a strong financial investment. It’s for those who value being in a neighborhood of newer homes (compared to the Winnipeg average) and appreciate a home that stands out in terms of both size and assessed value within its immediate community.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $610,000 is for municipal tax purposes and is a strong indicator of the home’s market standing, placing it in the top tier of the neighborhood. However, the final selling price will be determined by current market conditions, the home’s specific condition, and buyer demand.
2. The home last sold in 2019 for between $450,000-$500,000. What does that mean for today’s value?
The previous sale price provides a historical benchmark, highlighting significant appreciation over the last several years. This growth trajectory underscores the property’s and area’s strong market performance, but a current appraisal or comparative market analysis is needed for an accurate present value.
3. Is the living space efficiently laid out?
The data confirms the home is larger than average, but the floor plan’s functionality isn’t specified. Viewing the home or requesting a floor plan is essential to understand if the square footage is allocated in a way that suits your lifestyle, as total area doesn’t always equate to optimal room sizes or flow.
4. How does the lot size compare, and what are the implications?
At 5,274 sqft, the lot is very typical for River Park South. This means you can expect a standard suburban yard—adequate for recreation and gardening without the extensive upkeep of a much larger parcel. It aligns with the neighborhood’s character.
5. Why is the "Year Built" ranking lower on the street than in the broader area?
On Orford Crescent, the home (built in 2000) is around the street average (1999). Its ranking improves for the neighborhood and city because many surrounding homes in wider River Park South and Winnipeg are older. This indicates the street is uniformly newer, which can be positive for neighborhood consistency and infrastructure.