Section 1: Property Overview
This well-situated home at 49 Mansfield Crescent in River Park South presents a solid, middle-of-the-road offering. Its key characteristics are defined by consistency: with 1,120 sqft of living space, a 1982 build year, and a lot just over 4,500 sqft, it sits close to average for its immediate street and the wider Winnipeg market. The appeal lies in its established neighborhood setting and its recent sale history, indicating steady value appreciation. It’s a property that has traded hands in a predictable range, suggesting a stable, known commodity rather than a speculative play.
This home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a move-in-ready foundation in a mature community over custom features or expansive square footage. A thoughtful perspective is that its "average" metrics across the board could be a strength, representing lower risk and easier future valuation compared to a home with standout but polarizing features. It’s a home for those who see a dependable asset in a neighborhood that has held its own.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,120 sqft, the living area is slightly below the average for Mansfield Crescent itself (1,300 sqft) but is very close to the Winnipeg citywide average. It offers a comfortable footprint typical of many homes from its era.
2. What does the assessed value tell us?
The assessed value of $393k is almost exactly the street average. Notably, it sits above the citywide average, which suggests the River Park South area generally commands a slight premium compared to some other Winnipeg neighborhoods.
3. The home sold recently in early 2025. What can we infer from the prior sale?
It sold in the $450k-$500k range in February 2025. Its previous sale in late 2022 was in the $350k-$400k range. This indicates a strong increase in market value over that period, consistent with broader market trends during those years.
4. Is the lot size a drawback?
The lot is smaller than the neighborhood average but typical for the street. It provides a manageable yard space with less maintenance, which can be a benefit for many buyers.
5. Where can I find verified, exact sold prices for this property?
The site notes that due to industry rules, exact MLS sold records are not displayed. They offer a manual lookup service where you can request the full transaction history and exact figures via email, which they will provide without using your contact information for marketing.