Property Overview & Key Characteristics
This 1985 four-level split home in River Park South offers a practical layout with a recently renovated basement, an attached garage, and sits on a generous 5,083 sqft lot. Its appeal lies in its established neighbourhood setting and above-average space for the area. The living area of 1,603 sqft ranks notably larger than most comparable homes on its street and in Winnipeg overall. While the assessed value is modest, the home's lot size and living space suggest a property with solid fundamentals in a mature community.
It would suit first-time buyers or young families looking for a home with room to grow without the premium of a new build. The renovated basement adds immediate functional space, making it ideal for those needing a home office, recreation room, or flexible living area from day one. It's also a sensible option for value-conscious buyers who prioritize more square footage and land over a newer construction date.
Frequently Asked Questions
1. How does the age of the home (1985) affect maintenance?
As a home from the mid-80s, major components like the roof, windows, and furnace may be nearing or due for replacement. A thorough inspection is crucial, but this era of home also often avoids some of the complex issues found in much older properties.
2. What are the advantages of a four-level split layout?
This design naturally separates living spaces, offering more privacy than an open-concept bungalow. It can be energy-efficient, as you can heat or cool occupied zones independently. However, it involves more stairs, which may not suit everyone.
3. The assessed value seems lower than some neighbours. Is that a concern?
Municipal assessed value is for tax purposes and doesn't always equal market value. It can be influenced by many factors, including recent renovations that may not yet be reflected. The price is determined by the current market.
4. The lot is large, but how is the property positioned?
The data shows the land area is in the top 39% on the street, meaning it's a larger-than-average lot for the immediate area. This could allow for a sizeable backyard, garden space, or future expansion, subject to local bylaws.
5. How does this location in River Park South compare for daily needs?
As an established suburban neighbourhood, you can expect mature trees, settled communities, and developed amenities like schools and parks. It typically offers more value per square foot than newer, developing areas on the city's edge.