Property Overview: 398 Barker Boulevard, Winnipeg
Key Characteristics & Appeal
This 1,002 sqft bungalow in River West Park, built in 1977, presents a clear value-oriented proposition. Its primary appeal lies in its competitive price point, underscored by an assessed value of $333k, which is notably below the averages for both its street and neighborhood. This creates an accessible entry point into a well-established area. The home is newer than most on its block, ranking in the top 3% for year built on Barker Boulevard, suggesting potentially fewer immediate concerns with aging infrastructure compared to direct neighbors.
The property suits first-time buyers or downsizers seeking a lower-maintenance footprint and who prioritize location and fiscal pragmatism over square footage. It’s a practical choice for those comfortable with a home that is functionally smaller than area norms, offering the chance to build equity in a mature neighborhood without the premium price tag. The lot size is compact, which translates to less outdoor upkeep—a bonus for some, a limitation for others. Its citywide assessed value ranking is around average, indicating it aligns more with broader Winnipeg affordability than with its immediate, higher-value surroundings.
Frequently Asked Questions
1. Why is the assessed value significantly lower than neighbors?
The assessed value reflects factors like the home's smaller living area and lot size compared to others on the street and in River West Park. It’s priced for its specific attributes, not the neighborhood average, which may represent an opportunity.
2. What does the "Elite" ranking for year built mean?
It means this home (1977) is among the newest 3% on its street, where the average build year is 1975. This is a relative advantage on this specific block, possibly indicating newer components like roofing or wiring.
3. How reliable are the sold price ranges shown?
The displayed price ranges (e.g., CA$300k–350k) are based on publicly available data, not MLS records. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
4. Is the smaller living area a concern for resale?
While below average for the area, the smaller size is already factored into the price. It positions the home for a specific market segment seeking affordability and lower utility/maintenance costs, which remains consistent.
5. How does this home compare city-wide?
City-wide, its living area is below average but its assessed value is around the Winnipeg norm. This highlights that while compact for River West Park, it’s proportionally priced within the broader market, offering a typical Winnipeg value in a neighborhood where most homes are priced higher.