Property Overview
This 1,157 sqft bungalow at 264 Glencairn Road in Winnipeg's Riverbend neighborhood presents a specific value proposition. Built in 2000, it is newer than most comparable homes in the city and on its street. The home sits on a 3,840 sqft lot, which is notably more compact than typical lots in the area. Its assessed value of $385k is below the street average but aligns closely with the citywide average for similar properties.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern construction relative to its surroundings and its efficient, manageable scale. As a home that is newer than most on the block and in the wider city, it may offer updated building standards and potentially lower immediate maintenance costs than older stock. However, its living space and lot size are below the local averages, indicating a more compact footprint.
This home would suit first-time buyers or downsizers seeking a newer build in a stable neighborhood without the upkeep of a larger yard. It’s a practical choice for those prioritizing a modern structure over expansive indoor and outdoor space. A thoughtful perspective is that the smaller lot, while less private, translates to less yard work and lower property tax assessments relative to larger-lot neighbors, offering a different kind of value.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $385k is a municipal figure for tax purposes. Notably, it's below the street average but near the city average. Recent comparable sales in the area should be reviewed for a more accurate market picture.
2. How does the smaller lot size impact the property?
The lot is significantly smaller than most on Glencairn Road and in Riverbend. This means less outdoor space for gardening or recreation, but also reduced maintenance. It may also influence future expansion potential.
3. The home is newer than others on the street. What are the advantages?
A 2000 build likely means newer major systems (like plumbing, electrical, and roofing) compared to the neighborhood's older average, potentially deferring major renovation costs. Construction methods and materials will also be more contemporary.
4. How does the living area compare to nearby homes?
At 1,157 sqft, the living space is modest and below the average for the immediate street. This suggests efficient, compact living rather than spaciousness. Buyers should consider if the layout meets their space needs.
5. Where can I find verified historical sale prices for this home?
The provided data notes that exact sold prices are not displayed due to industry rules. You can request the full transaction history and exact figures via email from the site, which they will manually look up and provide.