Property Overview: 199 Alburg Drive, Winnipeg
Key Characteristics & Appeal
This home at 199 Alburg Drive in River Park South presents a solid, middle-of-the-road offering in Winnipeg’s housing market. Built in 1984, it is slightly newer than many homes in the city and notably newer than most on its own street, which may suggest updated infrastructure or fewer immediate major maintenance concerns compared to older peers. With 1,438 sqft of living space and a 5,526 sqft lot, its size is consistently average to slightly above average for both the neighborhood and the street, offering comfortable space without standing out as exceptionally large or small.
The appeal here is one of stability and predictability. The assessed value of $431k aligns closely with area averages, and its recent sale history shows steady appreciation, moving from the $350k-$400k range in 2019 to $450k-$500k in 2024. This trajectory indicates a stable investment in a mature neighborhood. The home would suit practical buyers—growing families, first-time homeowners looking for a dependable starter home, or downsizers—who prioritize a established community, straightforward value, and a home that doesn’t require extensive renovation. A thoughtful perspective is that its "average" rankings across most metrics can be a strength, offering a lower-risk entry into the market without the premium price of a top-tier property or the potential pitfalls of a lower-ranked one.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold for between $450,000 and $500,000 in late 2024, which is above its $431,000 assessed value. This is common, as assessed values for tax purposes often lag behind current market prices, especially in a moving market.
2. Is the lot size typical for the area?
At 5,526 sqft, the lot is very close to the neighborhood average (5,447 sqft) but is slightly smaller than the average lot on Alburg Drive itself (5,842 sqft). It provides standard outdoor space for the community.
3. What does the "Above Average" year built ranking mean?
Being built in 1984 ranks this home in the top 9% for age on its street, where the average build year is 1983. This minor advantage suggests it might be among the more recently built homes in its immediate vicinity, potentially meaning newer components like plumbing or electrical systems.
4. How can I get the exact historical sold prices?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sale figures are not displayed. You can request the exact sold price history via email from the site provider, who will manually look up and send the information.
5. Are the comparable homes listed truly similar?
The "Nearby properties" list is based on proximity, while the "Similar assessed value" list is based on municipal assessment. True comparables for a market evaluation should consider size, age, condition, and location, which requires a more detailed analysis than these automated lists provide.