Property Overview
This home at 358 Barker Boulevard in Winnipeg's River West Park neighborhood presents a specific value proposition defined by its contrasts. Built in 1976, it is newer than many comparable homes in the city and on its street. With 1,218 square feet of living space, it offers a manageable size that is close to the city average. Its assessed value of $327,000 sits below the averages for both its street and neighborhood, but aligns more closely with the wider Winnipeg market. The lot size of 3,396 square feet is notably smaller than most in the immediate area.
Key Characteristics & Appeal
The primary appeal of this property is its position as a relatively modern, efficiently sized home in an established neighborhood, offered at an assessed value below its local peers. It suits first-time buyers, downsizers, or investors seeking a lower entry point into River West Park without the upkeep of a larger lot. The home's year-built is a standout positive, suggesting potentially fewer immediate updates than older stock.
A less obvious perspective is its potential as a strategic buy. The below-average lot size, while a drawback for those wanting expansive outdoor space, translates to lower property taxes and less maintenance—an advantage for budget-conscious owners. Its value being closer to the city average than the neighborhood average indicates it may offer more "home" for the money compared to similar-priced properties in other parts of Winnipeg, just within a more compact yard setting.
Frequently Asked Questions
1. Why is the assessed value lower than the neighborhood average?
The assessed value is influenced by several factors from the data, most notably the home's living area being below the neighborhood average and the lot size being significantly smaller than surrounding properties.
2. What does the "Top X%" ranking mean?
For each category (like living area or value), the ranking shows how this property compares to similar homes in that geographic scope. For example, "Top 79%" for value on its street means its assessed value is higher than 79% of comparable homes on Barker Boulevard, indicating it is on the lower end for that specific street.
3. How recent is the sale price data?
The home sold in August 2020 for an estimated price between CA$250,000 and CA$300,000. This is based on publicly available data; for fully verified and exact historical sale figures, a manual lookup must be requested from the site.
4. Is the smaller lot a major disadvantage?
It depends on your priorities. It limits expansive gardening, large outdoor entertainment space, or future additions. However, it means less yard work and lower tax assessments, which can be a benefit for those seeking low-maintenance living.
5. How does this home compare to the nearby reference properties?
It has a similar year-built to nearby homes but a smaller living area and lot size than most comparables listed (like 434 Barker Blvd. or 46 Sinnott Street). Its assessed value is also notably lower than several of them, consistent with its smaller scale.