Property Overview: 24 Rillwood Place, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1978-built home in River Park South presents a compelling case based on its standout lot size and strong value position within its immediate locale. At 1,080 sqft, the living space is efficiently sized and is notably above average for Rillwood Place itself. The true distinguishing feature is the 7,628 sqft lot, which ranks in the top 5% on the street and top 9% in the neighborhood, offering significant outdoor space that is increasingly rare.
The appeal lies in a clear value proposition. With an assessed value of $370,000, it holds the top assessed value ranking on its street, yet sits below the broader neighborhood average. This suggests a premium property within its specific micro-area that may still be positioned accessibly compared to larger or newer homes in River Park South overall. It last sold between $300k-$350k in 2021.
This property would suit first-time buyers or downsizers seeking a manageable home size without sacrificing yard space. It’s also a logical fit for a value-conscious buyer who prioritizes a generous lot and strong standing on a specific street over having a larger house or a newer build. The data indicates it’s a “big fish in a small pond” on Rillwood Place, offering a sense of relative premium in a direct comparison with its closest neighbors.
Section 2: Frequently Asked Questions
1. Is the house smaller than others in River Park South?
Yes. At 1,080 sqft, the living area is below the neighborhood average of 1,410 sqft. However, it is larger than most homes directly on Rillwood Place, where the average is 904 sqft.
2. What does having the highest assessed value on the street mean?
It indicates that, according to municipal assessment, this is considered the most valuable property among the 42 comparable homes on Rillwood Place. This often reflects a combination of its larger lot, well-maintained condition, or improvements relative to its immediate peers.
3. How does the lot size compare?
The lot is a major feature. At over 7,600 sqft, it is more than double the street average and significantly larger than the typical lot in both the neighborhood and the city, offering substantial outdoor potential.
4. The home was built in 1978. Is that older than the area average?
For River Park South, yes. The neighborhood average build year is 1990, making this home older than about 95% of comparable properties in the area. On its own street and city-wide, however, its age is around the average.
5. Where can I find the exact historical sold price?
The provided sold price is a range from public records. Due to industry rules, exact MLS sold prices are not displayed here. You can request the exact figure via email from the site, which they will provide manually.