Property Overview: 397 Radford Street, Winnipeg
Key Characteristics & Appeal
This is a compact, well-situated home in Winnipeg's Robertson neighborhood, built in 1951. Its primary appeal lies in offering a solid entry point into the housing market with a manageable scale. At 748 sqft, the living space is notably smaller than average for the city, positioning it as a cozy, efficient home rather than a spacious one. However, it sits on a lot that is above average for its immediate street, offering valuable outdoor space relative to nearby properties.
The home’s assessed value of approximately $248,000 is very close to the average for Radford Street and the broader Robertson area, but sits significantly below the Winnipeg city average. This highlights its relative affordability within the wider market. A thoughtful perspective is that while the house itself is modest in size, its lot size and vintage (newer than most on its street) are relative strengths, suggesting potential for expansion or outdoor enjoyment that some neighboring properties may lack.
This property would best suit first-time buyers, downsizers, or investors seeking an affordable, low-maintenance footprint. It’s for those who prioritize location and lot potential over immediate interior square footage, and who see value in a home that is financially manageable and typical for its established community.
Frequently Asked Questions
1. Is the living area too small?
At 748 sqft, the home is smaller than most in Winnipeg. It requires efficient use of space and would suit individuals, couples, or those comfortable with a cozy layout. The above-average lot size can functionally extend living space outdoors in warmer months.
2. How does the assessed value compare to likely selling price?
The assessed value of $248k is a municipal valuation for tax purposes. Recent sold prices on the street (2021) fell between $200k-$250k. The current market value could differ, but this assessment suggests the home is priced in line with its immediate area.
3. What does the "above average" year built mean?
Built in 1951, this home is newer than most on Radford Street. This can imply potentially newer underlying components compared to older neighbors, though a specific inspection is needed to confirm the condition of major systems like roof, wiring, and plumbing.
4. Are there options for expansion?
The lot size (4,300 sqft) is a positive attribute for the street. This could provide room for additions, a garage, or landscaping projects, subject to local zoning and permit regulations. This lot potential is a key factor to consider beyond the home's current footprint.
5. How can I verify the exact past sale prices?
The site provides sold price ranges based on public data. Due to industry rules, exact MLS sale figures are not published here. You can request the exact sold price history via email from the site operators for verified details.