Property Overview: 407 River Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 407 River Road in Minnetonka presents a balanced, middle-of-the-road profile with a few distinct advantages. Built in 1978, it is notably newer than many homes on its street and in the immediate area, which may suggest updated building materials or systems compared to older peers. With 1,551 sqft of living space, it offers above-average roominess for Winnipeg overall, though it is slightly more compact than the typical home on River Road itself.
The property’s appeal is grounded in its solid city-wide standing. The lot size of 7,285 sqft is a key asset, ranking within the top 15% across Winnipeg, offering valuable outdoor space that is less common city-wide. The assessed value positions the home as relatively affordable within the broader market, potentially offering good value for the space provided. This isn’t a standout luxury property, but rather a well-situated, practical home that performs consistently well across multiple metrics when viewed from a city perspective.
It would suit practical buyers looking for a established neighbourhood home with a generous yard, without the premium price tag of a newer or fully renovated property. It’s a sensible choice for first-time buyers or downsizers seeking space and stability, and for those who value a lot size that is increasingly rare in the wider city market.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for both River Road and the Minnetonka area, but ranks above average (top 30%) city-wide. This suggests it may offer more house for your money compared to many other parts of Winnipeg.
2. Is the house older or newer for the neighbourhood?
Built in 1978, it is actually above average in age ranking for both the street and the area, meaning it is newer than many surrounding homes. This could imply potentially fewer immediate major upkeep issues compared to older stock.
3. How much outdoor space comes with the property?
The land area is 7,285 sqft. While this is around average for the immediate street and area, it is considered quite generous (top 15%) when compared to all properties in Winnipeg, a significant advantage for those wanting a sizable yard.
4. What can the sold price history tell me?
Public data shows it last sold between $300k-$350k around 2016. This historical range, combined with the current assessed value, provides a benchmark for market trends. For the exact sale price, you can request the information directly via the listing page.
5. If the living area is smaller than the street average, where is the value?
The value appears to be in the combination of a newer build year, a large city-ranking lot size, and an efficient floor plan. The home offers more interior space than the Winnipeg average, packaged on a substantial lot, at an assessed value that is competitive city-wide.