Property Overview: 27 Rivergate Drive, River Park South, Winnipeg
Key Characteristics & Appeal
This home stands out for its substantial size and premium positioning within its community. With 2,515 sqft of living space, it is significantly larger than average, ranking in the top 1% of the River Park South neighborhood and the top 3% city-wide. This is complemented by an above-average lot size of 8,380 sqft, offering considerable outdoor space. The property’s assessed value of $783k reflects its elite standing, placing it in the top 1% of the neighborhood and top 2% across Winnipeg.
The appeal lies in acquiring a home that offers both space and established prestige in a mature setting. Built in 1986, it is part of a well-regarded, stable streetscape. A less obvious perspective is that while the home itself is exceptional for the area, its year-built is around the neighborhood average, suggesting it fits seamlessly into a community of similar vintage rather than being a standout renovation project. This property would ideally suit buyers looking for a move-in ready, spacious family home in a prime suburban location, who value statistical superiority in size and value over a newer construction date. It’s for those who want a proven, high-tier property rather than a fixer-upper.
Frequently Asked Questions
1. How current and reliable is the sold price data shown?
The listed sold price range from late 2021 is based on publicly available internet data. For fully verified, exact transaction figures, you must request a manual lookup via email, as the site does not display MLS records due to industry rules.
2. What do the rankings actually mean for livability?
The "elite" rankings in size and value primarily indicate this is one of the largest and most valuable homes in a broad area. It suggests more interior space and a higher property valuation benchmark than most surrounding homes, which can translate to greater comfort and a strong investment position.
3. The home was built in 1986. Should I be concerned about major updates?
The year-built is around the average for the street and neighborhood. This typically means major systems (roof, windows, furnace) may be reaching or have undergone key replacement intervals. A thorough inspection is advised to understand the condition and update history of these components.
4. The lot is large for the area. What are the implications?
The lot size is in the top 7% for the neighborhood, offering more private outdoor space than most local properties. This allows greater potential for gardening, recreation, or expansions like a deck or shed, but also means correspondingly higher maintenance.
5. How does the assessed value relate to the likely selling price?
The assessed value ($783k) is for municipal tax purposes and is a strong indicator of the home's premium standing. However, the market price is determined by current conditions. The last sold price (2021) was in the $850k-$900k range, so consulting a local agent for a current market evaluation is essential.