Property Overview
206 Willowbend Crescent is a well-situated home in Winnipeg's River Park South neighborhood. Built in 1983, it offers a practical footprint on a standard-sized lot, presenting a clear value proposition within its market.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a competitively priced entry point into a stable, established neighborhood. At 991 sqft, the living space is notably compact compared to most homes on its street and in River Park South, which suggests efficiency over expansiveness. This characteristic makes it an ideal candidate for first-time homebuyers, downsizers, or investors seeking a manageable property with lower maintenance demands.
The assessed value of $385k sits below the immediate street and neighborhood averages but aligns closely with the Winnipeg-wide average. This creates an interesting dynamic: while the house itself is smaller than its closest neighbors, it offers a more accessible price point in a desirable area. The lot size is consistent with local norms, and the 1983 build year is actually among the newest on Willowbend Crescent, indicating potentially newer core components than surrounding homes. The value here is straightforward—a chance to secure a home in a solid location without paying a premium for square footage you may not need.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the home is smaller than many in the area, this translates to a lower price point and likely lower utility costs. It suits those who prioritize location and value over interior space.
2. How does the assessed value compare to recent sale prices?
The home last sold between $350k-$400k in late 2020. Its current assessed value of $385k is reasonably aligned with that sale and sits near the city-wide average, suggesting a stable valuation.
3. What does the 1983 build year mean for maintenance?
A 1983 build is relatively newer for the street, which can be positive. However, homes of this age may be due for updates to key systems like roofing, windows, or HVAC, which should be factored into planning.
4. Who would this property suit best?
It’s an excellent fit for first-time buyers entering the market, empty-nesters looking to downsize, or practical buyers who value a good neighborhood over a large floor plan.
5. How can I verify the exact historical sale price?
The provided data shows a sold price range. For precise figures and a full transaction history, you must request a manual lookup from the site, as they do not display MLS records directly.