Property Overview: 51 Grimsby Place, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This 936 sqft bungalow, built in 1981, sits on a 5,255 sqft lot in the established River Park South neighborhood. Its key characteristic is its position as a more modest and affordable entry point within its immediate context. The home's living area is notably smaller than most on its street and in the wider neighborhood, which is reflected in its assessed value of $383k—below the local averages but aligning closely with the Winnipeg citywide benchmark.
The appeal lies in its value proposition. For the price, a buyer gains a solid-sized lot in a mature area with a home that is actually one of the newer builds on its specific street. It suits first-time buyers, downsizers, or investors seeking a lower-priced foothold in a stable suburban community without the premium of a larger, updated home. A thoughtful perspective is that this property may offer less competition and more negotiation room than "average" priced homes in the area, representing a practical, no-frills starting point. Its citywide value ranking (Top 43%) suggests it's priced appropriately for a Winnipeg home, even if it's modest for its own neighborhood.
Frequently Asked Questions
1. Is this home significantly smaller than others nearby?
Yes. At 936 sqft, the living area is below the average for Grimsby Place (1,462 sqft) and the River Park South neighborhood (1,410 sqft).
2. How does the assessed value compare?
The $383k assessment is below the street and neighborhood averages but is very close to the citywide average for Winnipeg, indicating it's a typically priced home for the city, just in a higher-value local area.
3. When was it last sold and for how much?
Records show it sold between June and July of 2017 for a price in the range of $300,000 to $350,000. Exact sale figures require a manual lookup from the provider.
4. What is the lot size like?
The 5,255 sqft lot is slightly below average for the street but is very typical for the River Park South neighborhood overall.
5. How does the year built compare?
Built in 1981, it is actually one of the newer homes on its street, which has an average build year of 1981. It is slightly older than the neighborhood average (1990).