Property Overview: 45 Maitland Drive, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 844 sqft bungalow at 45 Maitland Drive presents a specific value proposition within Winnipeg's River Park South neighborhood. Built in 1983, it is notably newer than most homes on its street and many across the city, suggesting potentially fewer concerns with aging infrastructure common in older builds. With an assessed value of $383k, it sits above the street average but below the neighborhood average, positioning it as a relatively affordable entry point into the area.
The home’s primary appeal lies in its efficiency and practicality. Its living area is compact, ranking below average for the street, neighborhood, and city. This makes it best suited for first-time buyers, downsizers, or investors seeking a manageable property with lower maintenance costs. The lot size is also modest, reducing yard work. A thoughtful perspective is that its smaller footprint and newer construction year could translate to lower utility and immediate repair costs compared to larger, older homes in the area, appealing to budget-conscious buyers. Its recent sale in 2022 within the $300k-$350k range provides a relevant, though not exact, market reference point.
Section 2: Frequently Asked Questions
1. Is this house too small?
While its living area is below various averages, the size is a practical fit for individuals, couples, or small families not requiring extensive space. It emphasizes efficient living over square footage.
2. How does the assessed value compare to likely selling price?
The assessed value ($383k) is for municipal tax purposes. The home last sold for an estimated $300k-$350k in 2022. A current market evaluation is essential, as sale prices are influenced by factors beyond assessment.
3. What are the advantages of the 1983 build year?
Being newer than most on its street can be an advantage, potentially meaning updates to major systems (like electrical or plumbing) may have been made more recently, and it may align better with modern building standards of its era.
4. Why is the assessed value above the street average but below the neighborhood average?
This indicates that while the property is valued highly on its own street, River Park South overall contains many homes with higher assessments, likely due to larger sizes, more renovations, or premium locations within the neighborhood.
5. How can I get the exact historical sale price?
The provided sale data is from public records, not the MLS. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as detailed in the property data section.