Property Overview
This 900 sqft bungalow at 418 Radford Street in Winnipeg's Robertson neighborhood presents a solid, established home with clear value within its immediate context. Built in 1950, it sits on a 4,100 sqft lot. Its primary appeal lies in its strong positioning relative to its own street and area, offering more space and a higher assessed value than many direct neighbors, while being priced below the Winnipeg city average. The home last sold in 2016 for an estimated $200k–250k, and its current assessed value is $279k.
Key Characteristics & Buyer Profile
The standout feature of this property is its local strength. On Radford Street, its living area and assessed value rank in the top 30% and top 13% respectively, meaning it is a larger and more valuable home than most on its block. This creates a sense of getting a "above-average" property for the immediate area. However, when zooming out to the entire city, the home is below average in size, value, and lot size, highlighting its affordability within Winnipeg’s broader market.
Its appeal is grounded in practicality and value retention in a mature neighborhood. It would suit first-time buyers or downsizers seeking a manageable, single-level footprint without the premium of a new build. It’s also a sensible choice for an investor or buyer looking for a home that already stands out positively on its street, potentially offering stability and easier resale within the local market. A less obvious perspective is that its "below-average" city-wide metrics are actually its key advantage, allowing entry into homeownership at a price point that has become increasingly difficult to find.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
Its assessed value of $279k is above the street average of ~$254k, ranking 8th highest out of 63 homes on Radford Street. This suggests it is a higher-value property in its immediate vicinity.
2. Is the living space smaller than typical Winnipeg homes?
Yes. At 900 sqft, it is below the Winnipeg city average of 1,342 sqft for comparable homes. However, it is actually above the average for Radford Street itself (869 sqft), making it a relatively spacious option for the block.
3. What is the lot size, and how does it compare?
The lot is 4,100 sqft. This is slightly below average for both the street and the Robertson neighborhood, and more notably below the city-wide average. It is a standard urban lot for the area.
4. When was it last sold, and for how much?
Public records indicate it sold in September 2016. The sold price is shown as a range of CA$200,000–$250,000. For verified, exact historical sale figures, a manual lookup can be requested from the site.
5. The city-wide averages are much higher. Does that mean this is a good deal?
It indicates this home is priced well below the Winnipeg average, which is a key factor in its affordability. Its strength lies more in its local standing—it’s a bigger and more valuable home than most on its street, which can be a positive for maintaining value in the micro-market where it actually competes.