Property Overview: 54 Pately Crescent, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This 1984-built home in River Park South presents a practical opportunity in a mature neighborhood. With 990 square feet of living space, it is notably more compact than most homes on its street and in the wider area, ranking in the top 83% and 81% respectively for size—meaning it is smaller than the majority of its peers. Its assessed value of $406,000 sits slightly below the street average but aligns closely with the Winnipeg-wide average, suggesting a relatively accessible entry point into the neighborhood.
The primary appeal lies in its efficiency and established location. The home sits on a 4,393 sqft lot, which is smaller than nearby averages but offers manageable upkeep. A standout characteristic is its "elite" ranking for year built on its street (top 4%), indicating it is one of the newest homes in its immediate block, which can be a positive for systems and structure relative to neighbors. This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint in a settled community without a premium for excess space. It represents a value-oriented choice for those prioritizing location and a newer build year over square footage.
Frequently Asked Questions
1. Is the living area suitable for a family?
At 990 sqft, the home is significantly smaller than the area average (1,410 sqft). It would best suit a small family, a couple, or an individual. Buyers should carefully consider space needs versus the benefits of the location and newer build year.
2. How does the assessed value compare to recent sale prices?
The home last sold between $400k-$450k in September 2021. Its current assessed value of $406k is consistent with that range and sits slightly below the street average, potentially indicating room for value growth.
3. What does the "elite" ranking for year built mean?
On Pately Crescent, this home is ranked #2 out of 52 for its 1984 construction, meaning it is one of the newest houses on the block. This can be an advantage regarding the potential age of major components compared to immediate neighbors.
4. Is the lot size a limitation?
The lot is smaller than most on the street and in River Park South. This translates to less yard maintenance but also less private outdoor space. It's a trade-off that appeals to those seeking easier upkeep.
5. How can I verify the exact historical sale price?
The public data shows a sold price range. For fully verified and exact transaction figures, you must request a manual lookup via email, as this site does not display proprietary MLS sales records.