Property Overview: 25 Maitland Drive, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,346 sqft bungalow, built in 1983, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its core appeal lies in a value-oriented position. The home's assessed value of $352k sits below the averages for both its immediate street and the wider neighborhood, suggesting a potentially accessible entry point into a stable area. While the lot size is notably compact compared to most in the city, the living space is efficient and actually above average for Maitland Drive itself.
The property would suit first-time buyers or downsizers seeking a manageable, single-level home without a large yard to maintain. Its newer construction date relative to the street is a quiet advantage, potentially implying fewer immediate major repairs. The appeal here is more about solid fundamentals and value than standout size or premium finishes, ideal for a buyer comfortable with a cozy yard in exchange for a financially sensible footprint.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value is for municipal tax purposes. The fact it's below area averages can indicate a value opportunity, but the final sale price will be determined by current market conditions, the home's interior condition, and buyer demand.
2. The lot seems small. What are the implications?
The land area is significantly smaller than typical Winnipeg lots. This means lower maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation. It’s a trade-off that prioritizes ease of upkeep over private outdoor space.
3. How does the 2016 sale price relate to today’s value?
The prior sale (between $250k-$300k in 2016) provides historical context but does not reflect current value. It shows the property has appreciated, consistent with market trends over the past decade.
4. The home ranks well for its "year built" on the street. Why does that matter?
Being one of the newer homes on the block can be a subtle benefit. It may indicate newer core components (like plumbing or electrical systems) compared to immediate neighbors, potentially reducing the near-term risk of costly, age-related replacements.
5. Where can I get verified sale history and exact past prices?
The site notes that exact sold price data is not displayed publicly due to industry rules. They offer a manual lookup service; you can submit a request via email to receive the precise transaction history directly.