Property Overview
48 Rillwillow Place is a compact, 827-square-foot bungalow built in 1978, situated on a modest 2,749-square-foot lot in Winnipeg's River Park South neighborhood. Its assessed value of $298,000 positions it as one of the more affordable homes on its street and well below the neighborhood average. The home’s key appeal lies in its entry-level price point within a stable, established area. It represents a practical opportunity for first-time buyers, downsizers, or investors seeking a lower-cost foothold in the Winnipeg market. While its living space and lot size are notably smaller than most area homes, this translates to lower property taxes and less maintenance. A thoughtful perspective is that its 1978 build date is actually newer than many Winnipeg homes city-wide, suggesting potentially fewer age-related issues than older stock. This property suits buyers who prioritize financial accessibility and simplicity over space, and who see value in a home that is easier to maintain and heat.
Frequently Asked Questions
1. Is this a good value for the area?
Based on assessed values, this home is priced below the average for both its immediate street and the wider River Park South neighborhood, making it a more affordable entry point into the area.
2. How does the smaller living area impact daily life?
The 827 sqft layout is efficient and may suit individuals, couples, or those downsizing. Buyers should consider if the space meets their needs for living, storage, and potential for future updates.
3. What does the smaller lot size mean for me?
The 2,749 sqft lot requires less yard maintenance, which can be a benefit for those seeking a low-maintenance lifestyle. However, it also means limited private outdoor space and less potential for expansions like large decks or additions.
4. The home sold in 2018. What can that tell me?
The previous sale price (listed in a broad range between $200k-$250k) indicates the property has appreciated in assessed value since then. For exact historical sale figures, you can request a manual lookup from the site.
5. How does the 1978 build year compare to nearby homes?
While newer than the Winnipeg city average, it is slightly older than the average home in River Park South. On its own street, however, it is one of the newer homes, which may indicate consistent upkeep in the immediate vicinity.