Property Overview
This home at 42 Pately Crescent in Winnipeg's River Park South neighborhood presents a specific and practical value proposition. Built in 1984, it is a well-maintained property from a consistent era of construction in the area. With 990 square feet of living space, it is notably more compact than many homes on its own street and in the wider neighborhood, which is its defining characteristic. Its assessed value of $406,000 sits slightly below the street average but aligns closely with the Winnipeg citywide average for comparable homes. The lot size is standard for the immediate area. Recent sale data indicates it sold for between $400,000 and $450,000 in late 2023.
Key Characteristics & Appeal
The primary appeal of this property is efficiency and entry-level access to a stable, established neighborhood. Its smaller size translates to lower utility costs, less maintenance, and a manageable footprint—appealing for those who prioritize simplicity and cost-effectiveness over square footage. While the living area is below average for the street, the home's construction year is among the newest on Pately Crescent, suggesting potentially fewer major age-related concerns than older stock. It suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property in a family-oriented community without the premium for larger, modernized homes. It represents a pragmatic choice rather than a luxury one, offering a foothold in a desirable area at a relatively accessible point.
Frequently Asked Questions
1. Is the living area too small for a family?
While below the neighborhood average, the 990 sqft layout can work for a small family, particularly first-time buyers. Its manageability may be a worthwhile trade-off for budget-conscious buyers wanting to enter the River Park South area.
2. How does the assessed value compare to the recent sale price?
The assessed value is $406,000. The home sold for an estimated $400,000–$450,000 in December 2023, indicating the sale price was very close to or slightly above its official assessment at that time.
3. What does the "elite" ranking for year built mean?
On Pately Crescent, an "elite" ranking (Top 4%) for its 1984 build year simply means it is one of the newest houses on that specific street, where the average build year is also 1984. It indicates consistency and may imply similar construction quality and style to most neighbors.
4. Are sold prices on this site accurate?
The sold price data is sourced from public records, not the MLS, and is presented as a verified range. For exact historical sale figures, you must request a manual lookup from the site via email.
5. What are the typical property taxes for an assessment of $406,000?
Property taxes are not listed here. You can estimate them by applying the current City of Winnipeg municipal tax rate (available on the city website) to the assessed value.