Property Overview: 55 Willowbend Crescent, River Park South, Winnipeg
This 1,320 sqft bungalow, built in 1983, presents a solid and straightforward offering in a well-established Winnipeg neighborhood. Its appeal is rooted in proven stability rather than standout features, making it a practical choice for specific buyers.
Key Characteristics & Suitability
The home’s primary strength is its above-average assessed value relative to its immediate street and the wider city, suggesting it is well-maintained and perceived as a quality asset on its crescent. It was built in the same year as the street average but ranks in the top 4% for its build year on Willowbend Crescent, indicating it is one of the newer homes in its direct cluster—a subtle advantage for systems and structure. The living space is consistently average across all comparison levels, offering comfortable but not expansive room.
The trade-off is the lot size, which is below average for the street, neighborhood, and city. This points to a home that prioritizes interior space over outdoor yard area. Its appeal lies in its predictability and respectable standing within a mature community. It would best suit a buyer looking for a low-surprise, move-in-ready home in a settled area—perhaps a downsizer, a first-time buyer seeking a manageable property, or an investor attracted by its steady valuation history and rental demand in River Park South. It’s a property for those who value community stability over a large private outdoor space.
Frequently Asked Questions
1. Is the below-average lot size a major drawback?
Not necessarily. While the yard is smaller than others on the street, it means less maintenance. For buyers who prioritize interior space and a manageable outdoor area, this can be a practical benefit.
2. The assessed value is above average, but the last sold price was mid-range. Why?
The assessed value reflects the city’s valuation for tax purposes, which can differ from market price. The home’s strong assessed value rank suggests it is a substantial property on its street, but final sale price is always determined by the current market.
3. What does the "elite" ranking for year built on the street actually mean?
It simply means that, on Willowbend Crescent, this 1983 home is one of the very newest among its direct peers. This can imply potentially fewer age-related issues than older neighbors, but a full inspection is still essential.
4. Are the past sale prices shown here reliable?
The provided sale ranges are based on public data, not the MLS. For fully verified and exact historical sale figures, you must request them directly via the site’s email service.
5. Who might this property not suit?
Buyers seeking a large garden for entertaining or gardening, or those looking for a home with above-average square footage for the price, may find better options elsewhere. It’s designed for efficient living rather than expansive space.