Property Overview: 4 Highbury Road, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a distinct value profile within the established River Park South neighborhood. Its key characteristic is a compact 900 sqft living area, which is below average for both the street and the wider area. However, this is balanced by a larger-than-average lot for the street (5,150 sqft) and a build year (1993) that is newer than most comparable homes in Winnipeg. The assessed value of $368k sits slightly below the street average but aligns closely with the city-wide average for similar properties.
The appeal lies in its efficiency and land potential. It suits buyers seeking a lower entry point into a stable neighborhood, where the value is anchored more in the land and location than in the size of the home. It could be an ideal fit for a first-time buyer, a downsizer, or an investor looking for a manageable property with a yard that offers future expansion possibilities (subject to permits). The data suggests you are paying for a well-located, newer home on a good-sized lot, not for square footage.
Frequently Asked Questions
1. Is the living area too small?
At 900 sqft, the home is compact. It’s below the average for the street, neighborhood, and city. This makes it efficient for individuals, couples, or small families but may feel constrained for those needing more space or extensive storage.
2. How does the lot size compare?
The 5,150 sqft lot is a standout feature on this street, ranking #1 out of 18 homes. It provides above-average outdoor space relative to immediate neighbors, which is a valuable asset not reflected in the living area square footage.
3. What does the assessed value tell me?
The $368k assessment is very close to the Winnipeg city-wide average for similar homes. It indicates the city assesses this property as typical city-wide, though it is below the average for the more affluent River Park South neighborhood specifically.
4. Are recent sale prices available?
The last recorded sale was in October 2021, in the $300k-$350k range. To obtain fully verified, exact historical sale prices, you must request a manual lookup via email, as this site does not display MLS sold data.
5. How does the age of the home compare?
Built in 1993, it is newer than most comparable homes in Winnipeg (ranking in the top 21% city-wide) and on its street. This can suggest more modern construction standards and potentially lower immediate maintenance costs than much older stock.