Property Overview: 261 Glencairn Road, Winnipeg
Key Characteristics & Appeal
This 1,261 sqft home, built in 1999, presents a solid, above-average offering in Winnipeg's Riverbend neighborhood. Its primary appeal lies in its strong value positioning. With an assessed value of $451,000, it ranks in the top 20-30% compared to similar homes on its street, in the area, and across the city, suggesting a well-regarded property relative to its peers. The home is newer than most in Winnipeg, and its living space is comfortably in line with area averages.
The property suits practical buyers looking for a move-in-ready home in an established neighborhood without paying a premium for the newest or largest lot. It’s an intelligent choice for those who prioritize a home that holds its value well within its immediate context. A thoughtful perspective is that while the lot size is slightly smaller than some neighbors, this can translate to less yard maintenance. The data indicates you’re acquiring a home that has historically been valued above its surroundings, which can be a marker of stability.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold between $350,000 and $400,000 in June 2017. The current assessed value of $451,000 is above that range, reflecting market appreciation over the past several years.
2. Is the lot size a disadvantage?
The land area of 4,401 sqft is smaller than the average for the street and city. This means less outdoor space for gardening or expansion, but also reduced upkeep. For buyers seeking a lower-maintenance yard, it can be a practical fit.
3. What does "above average" assessed value really mean?
It means the city’s assessment for this home is higher than most comparable properties around it. This often reflects the home’s condition, updates, and desirability within its specific market, but it’s also a factor in determining property taxes.
4. Are there newer homes on the street?
Yes. Built in 1999, this home is newer than the average on Glencairn Road (1996), ranking in the top 15%. It is a relatively modern structure in a mature neighborhood.
5. How can I verify the exact past sale price?
The provided sale data is an estimate from public records. For fully verified and exact sale figures, you must request a manual lookup from the site, which they provide via email.