Property Overview: 2 Theydon Place, River Park South, Winnipeg
Key Characteristics & Appeal
This 1987-built home in River Park South presents a solid, middle-of-the-road offering with a few distinct advantages. At 1,271 sqft, the living space is slightly below average for its immediate street but aligns closely with neighborhood and city-wide averages, suggesting a comfortable, manageable size. The standout feature is the land: at over 7,000 sqft, the lot is significantly larger than most in River Park South and across Winnipeg, offering valuable outdoor space and potential.
Its appeal lies in its established neighborhood setting and above-average lot size, paired with a home that requires no updates for its age relative to the city's housing stock. The assessed value of $466k sits above the Winnipeg average, reflecting the desirable lot and location, yet it is modest compared to some immediate neighbors. This property would suit a buyer looking for a balanced home in a mature suburb—someone who prioritizes yard space over a maximized interior footprint and appreciates a home that is competitively positioned within the broader city market without being the largest or most expensive on the block.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $450k-$500k in August 2023. Its current assessed value of $466k is above the Winnipeg average but below the average for its specific street, indicating it is a higher-value home city-wide that sits in a relatively premium micro-location.
2. Is the house smaller than others nearby?
Yes, but with important context. At 1,271 sqft, it is smaller than the average home on Theydon Place itself. However, it is very close to the average size for both the wider River Park South neighborhood and the city of Winnipeg as a whole.
3. What is the real advantage of the larger lot?
The lot size of 7,065 sqft is in the top 12% for River Park South. This provides more private outdoor space, greater potential for gardening, additions, or recreational features like a shed or pool, and often contributes to a less crowded feel compared to newer subdivisions.
4. The home was built in 1987. Should I be concerned about major repairs?
While a home of this age will have seen updates, its year built is actually above average for Winnipeg. This suggests major systems like roofing or windows may be newer than those in many older city homes, but a thorough inspection is always recommended to determine the condition of specific components.
5. How can I get the exact historical sale prices?
The provided sold price data is based on public records and shown in ranges. To receive verified, exact sale figures and a full transaction history, you must request a manual lookup via email from the site, as this information is not sourced from the MLS system.