Property Overview: 38 Cummings Crescent, River Park South, Winnipeg
This home presents a compelling opportunity in Winnipeg's River Park South neighborhood. Built in 1994, it stands out for its above-average living space and assessed value within a well-established, mature area. The data suggests a property that offers solid value and a comfortable footprint for family living.
Key Characteristics & Appeal
The primary appeal of 38 Cummings Crescent lies in its strong, consistent positioning above local averages. With 1,868 square feet of living area, the home is notably larger than most comparable properties in Winnipeg, River Park South, and even on its own street. This extra space is a significant advantage for growing families or those who value room to spread out.
Its assessed value of $524,000 follows a similar pattern, ranking well above city and neighborhood benchmarks. This indicates a property that has been maintained and is viewed as a substantial asset within its market. The 1994 build year is also a plus, being newer than many homes in the area, which can suggest more modern building standards and potentially fewer immediate major repairs.
The lot size, while around average for the immediate area, provides a balanced outdoor space without the burden of excessive maintenance. The home’s history shows steady ownership, with sales in 2017 and 2020, pointing to a stable and desirable location on Cummings Crescent.
This property would best suit practical buyers looking for a move-in ready family home in a settled suburb. It’s ideal for those who prioritize interior space and a sound investment profile over a brand-new build or an exceptionally large yard. The data supports it as a reliable, above-par choice in its category rather than a fixer-upper or a luxury statement.
Frequently Asked Questions
1. How does this home’s size truly compare to others nearby?
The living area is a key strength. It ranks in the top 15% city-wide and top 27% on its own street, meaning it offers more interior space than the vast majority of similar homes in Winnipeg and is one of the larger homes on Cummings Crescent.
2. What does the assessed value tell me about the property?
An assessed value consistently above average at the street, neighborhood, and city levels generally indicates a well-regarded property in good condition. It suggests the home is a substantial asset relative to its peers, which can be reassuring for resale value.
3. Is the 1994 build year an advantage?
Yes, particularly in this context. It ranks as the 2nd newest among 26 homes on the street, meaning it’s likely newer than most of its direct neighbors. This can translate to fewer age-related issues compared to older homes in the area.
4. What can past sale prices tell us?
The home sold in 2017 and again in 2020, indicating a stable sales history without frequent turnover. The price ranges shown suggest appreciation between those sales, aligning with the above-average assessed value today.
5. How does the lot size impact the property?
At just over 5,300 sq. ft., the lot is very typical for River Park South. This is a balanced feature: it provides adequate outdoor space for a deck or garden without the high maintenance of a much larger lot, which can be a practical benefit for busy families.