Property Overview: 54 Alburg Drive, Winnipeg
Key Characteristics & Buyer Appeal
This 1,620 sqft home on a 5,826 sqft lot in River Park South presents a solid, above-average offering within the Winnipeg market. Built in 1981, its primary appeal lies in its established, spacious footprint and strong value positioning. The home’s assessed value of $483k ranks well above average for its street and city-wide, suggesting a perception of quality and desirability in its immediate locale. While its living area is typical for the neighborhood, it offers more space than the average Winnipeg home. The lot size is generous for River Park South, providing above-average outdoor space for the area.
The home would suit practical buyers looking for space and stability in a mature neighborhood. It’s ideal for those who prioritize a larger lot and interior square footage over a newer build, and for value-conscious buyers who appreciate a home that stands out positively on its street in terms of assessed value. It represents a sensible choice for someone wanting a home that outperforms city averages without being the most expensive property in the area.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,620 sqft, the living area is very close to the average for both Alburg Drive and the wider River Park South neighborhood. However, it is notably larger than the average for the entire city of Winnipeg.
2. The assessed value seems high for the street. What does that indicate?
The assessed value of $483k ranks in the top 6% on Alburg Drive. This typically suggests the property has features, condition, or improvements that municipal assessors believe give it a higher value than most of its immediate neighbors, which could be a positive for equity.
3. Is the 1981 build date a concern?
The year built is average for the street but older than most homes in River Park South. This means potential buyers should budget for updates consistent with a home of this age, but it also places the home in a well-established part of the community with mature landscaping.
4. What was the recent sold price?
The property sold between $400,000 and $450,000 in October 2024. The exact sale price is not publicly displayed due to data source rules, but it can be requested directly from the site.
5. How does the lot size compare?
The lot is just under 6,000 sqft, which is above average for River Park South. This is a key feature, offering more outdoor space than many lots in the neighborhood, while being fairly typical when compared to the street and the city overall.