Property Summary: 471 Radford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 752 sqft bungalow, built in 1950, presents a compelling case for value-focused buyers. Its primary appeal lies in its strong position within its immediate context. While the living area is modest compared to city-wide averages, the property stands out on its own street with an assessed value ranking in the top 6% and a lot size that is above average for the block. This suggests a well-regarded property on a street of similar homes, potentially offering more outdoor space than many neighbours.
The home would suit first-time buyers, downsizers, or investors seeking an entry into the Robertson neighbourhood without a premium price tag. Its below-average city-wide assessment compared to the sold price from 2022 indicates a market that recognizes its street-level desirability. A thoughtful perspective is that this property represents a "big fish in a small pond" scenario—it may offer more pride of ownership and relative value on Radford Street itself than it would in a broader, more expensive area. The appeal is in its established location and efficient footprint, ideal for those prioritizing location and lot size over sheer interior space.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 752 sqft, the home is slightly smaller than the average on Radford Street (869 sqft) and for the Robertson neighbourhood (977 sqft). It is a compact, efficient layout.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is $294k, which is above average for the street. The home sold for between $300k-$350k in March 2022, suggesting the market value has historically aligned with or exceeded its assessed value.
3. What does the lot size mean for potential expansion or outdoor use?
The lot is 4,201 sqft, which is larger than many on the street. This provides valuable outdoor space and could offer potential for additions like a garage, garden, or deck, subject to zoning and permits.
4. How does this property rank for investment or resale potential in the area?
Its strong assessed value rank on the street (Top 6%) and solid past sale price percentile indicate it has been a competitive property within its micro-market, which is a positive signal for resale.
5. Where can I find verified, exact historical sold prices?
The site provides sold price ranges publicly. For fully verified, exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.