Property Overview & Key Characteristics
This well-maintained one-storey home in River Park South offers a practical and comfortable living space. Built in 1983, it sits on a generous 4,893 sqft lot, providing ample outdoor space that ranks well above average for the street. The 1,120 sqft interior includes a renovated basement, adding valuable finished living area, and an attached garage. Its assessed value is consistent with similar homes in the area.
The appeal lies in its established neighbourhood setting, the upside of a modernized basement, and the low-maintenance benefits of a single-level layout. The lot size is a particular asset, offering room for gardening, play, or future expansion relative to many nearby properties.
This home would suit first-time buyers looking for a move-in-ready starter with room to grow, downsizers seeking single-level convenience without sacrificing yard space, or pragmatic investors interested in a stable property in a consistent area.
Frequently Asked Questions
How does the age of the home affect its condition?
While built in 1983, the home benefits from a renovated basement, indicating updates have been made. Buyers should still consider a thorough inspection for original major components like the roof, windows, and HVAC, which may be nearing or past their typical lifespan.
Is the lot size a significant advantage?
Yes. At nearly 5,000 sqft, the lot is larger than over 60% of others on the street. This provides more private outdoor space than many comparable homes and is a key differentiator that adds long-term value.
How does it compare to other homes in the area?
It sits comfortably in the middle range for River Park South in terms of size and value. It offers more living space and a newer build year than some smaller, older bungalows nearby, while being a more affordable, land-rich option compared to larger two-storey models.
What is the neighbourhood like?
River Park South is a mature, family-oriented community in southeast Winnipeg. It offers a blend of residential streets, parks, and convenient access to schools, shopping, and major routes, appealing to those seeking a settled suburban feel.
Is the assessed value a good indicator of the likely selling price?
The assessed value is a starting point for municipal tax purposes, not a market appraisal. Recent sales of similar homes on the same street, like 99 Alburg Drive, provide a more direct and current gauge of the local market value.