Property Overview: 58 Aldgate Road, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This 1986-built home in River Park South presents a practical entry point into a stable Winnipeg neighborhood. With 968 square feet of living space on a 4,249 sqft lot, its key characteristic is being a modest, established property in a context of larger, often newer homes. Its appeal lies in its relative affordability and efficiency. The assessed value of $373k is notably below the street and neighborhood averages, suggesting a potentially lower property tax burden and an accessible price point for the area.
The home suits first-time buyers or downsizers seeking a lower-maintenance footprint without leaving a well-regarded community. It also appeals to value-oriented investors or buyers comfortable with a home that may require updates, seeing potential in the solid foundation of an older build in a mature area. A thoughtful perspective is that its "below average" size and value on its specific street could represent a strategic opportunity; it offers the same location benefits as more expensive neighbors, allowing resources to be allocated toward customization or savings.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 968 sqft, the living area is below the average for Aldgate Road (~1,405 sqft) and the wider River Park South neighborhood (~1,410 sqft). This contributes to its more accessible price point.
2. How does its assessed value compare?
The $373k assessment is below the street average of ~$466k and the neighborhood average of ~$447k. Citywide, however, it is close to the average. This indicates you may be paying less in property taxes than many immediate neighbors for a similar location.
3. What is the property's recent sales history?
It sold in May 2024. Public data shows a sold price in the $350k-$400k range. For exact historical sale figures, a manual lookup through the site is required.
4. Is the lot size a constraint?
The lot is 4,249 sqft, which is smaller than most on the street and in the neighborhood but near the citywide average. It provides standard outdoor space for a home of this size but may not accommodate large additions.
5. The home was built in 1986. Is that a concern?
It is older than most on its street (avg. 1998) but is actually newer than the Winnipeg city average (1966). Buyers should budget for maintenance and potential updates consistent with a home approaching 40 years old, while appreciating its established community.