Property Overview: 187 Eastcote Drive, River Park South, Winnipeg
Key Characteristics & Appeal
This well-situated home in River Park South presents a balanced profile, with its primary appeal rooted in its modern age and solid value positioning within a mature neighbourhood. Built in 2007, the property is notably newer than most comparable homes on its street and in the wider Winnipeg area, suggesting updated building standards and potentially lower immediate maintenance needs. With 1,434 sqft of living space, it offers a practical, average-sized layout for the area.
The assessed value of $511k sits above averages for both the neighbourhood and the city, indicating a perception of quality and desirability. However, the lot size is more compact than others on Eastcote Drive, which may appeal to buyers seeking lower yard maintenance without sacrificing interior space. This combination—a newer home on a manageable lot in an established community—suits first-time buyers looking for a move-in-ready property, downsizers wanting modern comforts without a large yard, and pragmatic investors seeking a stable asset in a consistent neighbourhood.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
While the assessed value is around the street average, the last recorded sale for this property (between $350k-$400k in 2016) was in the top 84% for the street at that time. This suggests a history of strong value retention.
2. What does the "newer" year built actually mean for a buyer?
A 2007 build date places this home among the newest 3% on its street. In practical terms, this likely means modern electrical wiring, plumbing, insulation standards, and possibly fewer major system replacements (like roof or furnace) in the near term compared to older neighbourhood homes.
3. Is the smaller lot size a significant drawback?
The lot is below average for Eastcote Drive but near average for the broader neighbourhood. It represents a trade-off: less private outdoor space but also less yard work. For many, this is a worthwhile compromise for a newer home in a prime location.
4. The assessed value is above neighbourhood average. Does that mean it’s overpriced?
Not necessarily. A higher assessment often reflects specific desirable attributes—in this case, the newer construction year is a significant factor. It indicates the municipality views the property as more valuable than many older, perhaps larger, homes in the area.
5. Where can I get verified, exact sold price history for this home?
The provided sold price is an estimated range from public data. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as MLS sold data is not displayed publicly here due to industry regulations.