72 Rillwillow Place

Property Overview: 72 Rillwillow Place, Winnipeg

Key Characteristics & Appeal

This 920 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. Its primary appeal lies in its value positioning. With an assessed value of $318k, it sits comfortably below the neighborhood average, offering relative affordability in the area. The home’s living space is modest but efficient, ranking above average for its own street, suggesting it fits well within the local streetscape of similar-sized homes.

The property suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint without a major renovation project. Its smaller lot size (2,972 sqft) translates to less yard work, which can be a benefit for those seeking simplicity. A thoughtful perspective is that while the home is smaller than newer neighborhood averages, its older vintage on a street of peers from the same era may mean fewer surprises compared to a house that is the oldest on a block of recent builds. Recent sale activity on the street indicates a stable, active market for homes of this type.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 920 sqft, the living area is larger than the average home on Rillwillow Place itself. However, it is below the broader River Park South neighborhood average, reflecting the area’s mix of older, compact bungalows and larger, newer homes.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value ($318k) is a municipal valuation for tax purposes. Notably, a very similar home on the same street (83 Rillwillow) has a lower assessed value ($295k), and recent sales on the street have occurred in the $250k-$300k range. The sale price will be determined by current market conditions.

3. What are the implications of the smaller lot size?
The lot is under 3,000 sqft, which is below average for the street, neighborhood, and city. This means a smaller backyard and potentially less privacy, but also reduced maintenance and landscaping responsibilities—a trade-off that some buyers may prefer.

4. The home was built in 1978. Should I be concerned about its age?
The year built (1978) is typical for this street, ranking as one of the newer homes on the block. While systems like the roof, furnace, and windows will be age-related considerations, its vintage is consistent with the immediate area, which can be reassuring.

5. How can I find out the exact price it last sold for?
The provided data shows a sale occurred in March 2023 within a price band. To obtain the exact sale price and full history, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.