31 Thornewood Avenue

Property Overview: 31 Thornewood Avenue, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 1982-built home in River Park South presents a practical and straightforward opportunity. With 1,108 sqft of living space on a 5,398 sqft lot, its size is average for Winnipeg but slightly below the norm for its immediate street. Its assessed value of $399k is notably higher than the city average, yet it sits below the average for both its street and neighborhood, suggesting a potentially competitive position within a desirable local market.

The primary appeal lies in its balance and established setting. It’s a home that avoids extremes, offering manageable dimensions for upkeep while being situated in a mature, family-oriented community. A thoughtful perspective is its "vintage" relative to the street—it was built in 1982, making it one of the newest homes on Thornewood Avenue, which could imply newer major components compared to immediate neighbors. The data indicates you are paying a premium for the River Park South location compared to the wider city, but potentially getting a relative value within the neighborhood itself.

This property would best suit first-time buyers or downsizers seeking a stable, move-in-ready home without the premium for a larger lot or maximum square footage. It’s for those who prioritize community and location over having the biggest house on the block.

Section 2: Frequently Asked Questions

1. Is the assessed value a good indicator of the likely selling price?
The assessed value ($399k) is a municipal figure for tax purposes. Notably, it's above the Winnipeg average but below the average for this specific street and neighborhood. Recent sold price data for the area suggests a range between $350k-$400k, indicating the assessment is in the ballpark, but market conditions will determine the final price.

2. How does the size of this home compare to others nearby?
At 1,108 sqft, the living area is slightly smaller than the average home on Thornewood Avenue (1,355 sqft) but is very close to the Winnipeg citywide average. It represents a mid-sized option for the River Park South area.

3. What does it mean that this is one of the newer homes on the street?
With a 1982 build year, this home is newer than most on its block. This can be an advantage, as systems like roofing, plumbing, or wiring may be relatively younger than those in older neighboring homes, potentially reducing near-term replacement costs.

4. How does the lot size affect the property?
The lot of 5,398 sqft is smaller than the street average but typical for the neighborhood. This means a manageable yard for maintenance, but may offer less private outdoor space or expansion potential than some other properties on the street.

5. Where can I find verified past sale prices for this home?
The provided sold price data is based on public records, not the MLS. For a fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS sold data here.