Property Overview: 50 Boone Place, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This is a substantial, modern family home that stands out for its generous scale within a well-established Winnipeg neighborhood. Built in 2007, the property offers over 2,500 square feet of living space on a large, approximately 8,850 sqft lot. Its primary appeal lies in its elite ranking within River Park South, placing in the top 1% of the neighborhood for both living area and assessed value. This indicates a home that offers significantly more space and value than most in the area. While it is above average on its own street, its true distinction is revealed at the community level, where it outperforms the vast majority of homes.
The home would best suit buyers looking for move-in-ready, spacious accommodation without venturing into brand-new subdivisions. It’s ideal for a growing or multi-generational family that prioritizes interior space and a sizable yard over being in the absolute newest build on the block. The data suggests a buyer who values a proven, mature neighborhood but desires a home that sits at the upper tier of that community in terms of size and investment.
Frequently Asked Questions
1. How does this home’s value compare to its last sale?
The home sold in July 2019 for an estimated $550,000-$600,000. With a current assessed value of $716,000, this indicates significant appreciation. For exact historical sale figures, a manual lookup can be requested from the site.
2. Is the lot size a major feature?
Yes. The lot is nearly 9,000 sqft, placing it in the top 20% on the street and top 6% in the neighborhood. This offers above-average outdoor space for the area, which is a considerable asset for privacy, recreation, or future projects.
3. How does it rank for its age?
The 2007 build year is around average for Boone Place but is above average (top 16%) for the wider River Park South neighborhood, which has an average home built in 1990. This means you get a modern home within a more mature community setting.
4. Are the property taxes likely to be high?
Given its assessed value is in the top 1% of River Park South and top 4% city-wide, property taxes will be correspondingly higher than for an average home in Winnipeg. This is a direct reflection of its size and premium valuation within the market.
5. What do the “Elite” rankings actually mean for resale?
Ranking in the top 1% of the neighborhood for size and value is a double-edged sword. It commands a premium price and appeals to buyers seeking the best the area offers, but it also means the pool of buyers who can afford it within that specific neighborhood is smaller. Its value proposition is very clear within the local context.