Property Overview: 26 Strand Circle, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This 960 sqft bungalow, built in 1979, presents a straightforward opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in its solid value positioning. With an assessed value of $392k, it sits very close to the city-wide average, suggesting a fairly priced entry point into a stable, established community. The lot size is typical for the immediate street but offers a manageable footprint compared to larger suburban plots.
The home’s living area is notably below average for both the street and neighborhood, indicating a more compact, efficient layout. This characteristic defines its ideal buyer: it would suit first-time homebuyers, downsizers, or investors seeking a lower-maintenance property without sacrificing the benefits of a detached home. Its recent sale history shows steady appreciation, and its rankings suggest it's a "middle-of-the-pack" property—not a standout, but a reliable and predictable option in its market segment. A thoughtful perspective is that its smaller size and average valuation could represent a lower-risk purchase, insulating buyers from the volatility that sometimes affects more premium-priced homes, while still providing a tangible asset in a mature area.
Frequently Asked Questions
1. Is the home’s below-average living area a concern?
It depends on your needs. The 960 sqft size is efficient and may mean lower utility costs and less upkeep. It's ideal for those who prioritize a manageable space, but growing families might find it limiting compared to larger homes in the area.
2. How does the assessed value relate to the likely selling price?
The assessed value ($392k) is for municipal tax purposes and is typically close to, but not exactly, market value. Recent sold prices on the street (between $400k-$450k in 2023) are a more direct indicator of current market conditions.
3. The home is older than many in River Park South. What should I consider?
Built in 1979, it's older than the neighborhood average. A pre-purchase inspection is crucial to understand the condition of major aging components like the roof, windows, and foundation, which could factor into renovation or maintenance budgets.
4. What are the advantages of the lot size?
At just over 4,300 sqft, the lot is very typical for Strand Circle. It offers a decent backyard for a family or gardening but requires less time and expense to maintain than the larger lots found elsewhere in Winnipeg.
5. How can I verify the exact past sale prices mentioned?
The site provides sold price ranges based on public data. To get fully verified, exact sale figures, you must request a manual lookup via email, as industry rules prevent the display of official MLS transaction records here.