Property Overview: 359 Barker Boulevard, River West Park, Winnipeg
Key Characteristics & Appeal
This 1,122 sqft bungalow, built in 1976, presents a compelling value proposition within the established River West Park neighborhood. Its primary appeal lies in its significant price advantage relative to its immediate area. With an assessed value of $269k, it sits well below the local averages for both its street ($438.5k) and neighborhood ($485.6k). This creates a notable entry point into a community where most homes are valued much higher.
The home is situated on a 6,967 sqft lot, which is above average for Winnipeg, offering good outdoor space potential. While the living area is modest compared to nearby homes, its year built is newer than many peers on the street. This property would suit first-time buyers or pragmatic investors seeking a foothold in a mature neighborhood without the typical price tag. It’s a home for those who value land size and location over square footage, and who see potential in a property that is priced below its surrounding market.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
While the exact reasons aren't specified, a significantly lower assessment often reflects the home's smaller size, specific condition, or features that differ from updated or expanded homes on the same street. It's a key point for further investigation.
2. How reliable is the sold price data shown?
The listed sale from 2020 is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as industry rules prevent displaying MLS records directly.
3. Is the lot size a major advantage?
Yes, particularly city-wide. The lot is larger than approximately 83% of comparable Winnipeg properties, which is a valuable asset for privacy, expansion, or outdoor living, even if the home itself is more compact.
4. What does the "Around Average" city-wide living area ranking mean?
It indicates that while this home feels small for its specific street and neighborhood, its size is actually quite typical when compared to the broader Winnipeg market, putting its scale into a different perspective.
5. Who should be cautious about this property?
Buyers with a large family needing ample immediate indoor space may find it cramped. The data suggests it may require updates or renovations to align with the standards of higher-valued homes in the area, so budget-conscious buyers should factor this in.