Property Overview: 3 Rillwood Place, Winnipeg
Section 1: Key Characteristics & Appeal
This 920 sqft home, built in 1978, presents a compelling opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in its strong value proposition within its immediate locale. While the home is smaller and sits on a more modest lot compared to broader neighborhood and city averages, it stands out on its own street. Here, it ranks above average for both living space and assessed value, suggesting it is a well-regarded property on a street of similar, compact homes.
The data indicates a history of steady value appreciation through its recent sales. It would particularly suit first-time buyers or downsizers seeking an affordable, low-maintenance entry into a stable suburban area. It’s also a practical choice for value-focused investors, as its assessed value is significantly below the neighborhood average, potentially offering a lower property tax base while still benefiting from the area's amenities. A less obvious perspective is that this home represents the "original" scale of the neighborhood—offering a simpler, more efficient footprint in a community where many lots have since been filled with larger, more expensive homes.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 920 sqft, it is slightly larger than the average home on Rillwood Place itself. However, it is notably smaller than the typical home in the wider River Park South area, where averages are closer to 1,400 sqft.
2. What does the assessed value tell me about property taxes?
The assessed value of $326k is above the street average but well below the neighborhood average of $447k. This suggests your property tax assessment may be favorably positioned compared to many neighbors with larger homes, though final taxes depend on the city’s mill rate.
3. Has the property value increased over time?
Available sold price data shows a clear upward trajectory, moving from the $200k-$250k range in 2017 to the $300k-$350k range in 2023, indicating consistent appreciation.
4. Is the lot size typical for the area?
The 3,309 sqft lot is fairly standard for Rillwood Place but is smaller than most lots in River Park South and Winnipeg overall. This means less yard maintenance but also less private outdoor space than many area homes.
5. How can I find out the exact past sold prices?
The site provides sold price ranges. Due to data licensing rules, exact sold prices are not displayed publicly but can be requested directly from the site via email for verified figures.