Property Overview: 124 Portside Drive, Normand Park
Key Characteristics & Appeal
This home at 124 Portside Drive is a spacious, modern property built in 2009, offering nearly 2,500 square feet of living space. Its primary appeal lies in its significant size and above-average assessed value of $749,000, which positions it as a premium offering not just in its immediate area but across the entire city. The data shows it ranks in the top 3% of all Winnipeg homes for living area and assessed value, indicating an elite level of space and valuation.
The property suits buyers looking for a move-in ready, substantial home from the 2000s without needing updates. It’s ideal for growing families or those who value ample indoor space, as the lot size, while perfectly functional, is more typical for the neighbourhood. A thoughtful perspective is that this home represents a "value-density" play: you are investing significantly more in the structure and living space than in the land itself, which appeals to those prioritizing interior comfort over extensive yard maintenance. Its strong city-wide rankings suggest it would also attract buyers comparing across multiple neighbourhoods who are focused on getting maximum square footage for their budget.
Frequently Asked Questions
1. How does this home compare to others on the street?
It stands above average on Portside Drive, particularly in living area (top 13%) and assessed value (top 20%). It is newer than most on the street and offers more interior space than the street average, though the lot size is typical for the area.
2. What does the sold price history indicate?
The home sold in October 2016 for between $600,000 and $650,000. This past sale, combined with the current assessed value, provides a benchmark for its appreciation and market trajectory over the last eight years.
3. Is the lot size a disadvantage?
The lot of 5,596 sq ft is around the city average but is below the average for the broader Normand Park area. This means the property’s premium is in the home’s size and condition, not in the land. It’s suitable for those who prefer a manageable yard.
4. How current are the systems and major components?
Built in 2009, the home is 17 years old. Buyers should anticipate that original major components (like the roof, HVAC, and appliances) may be nearing or beyond their typical lifespan and could require attention or replacement in the coming years.
5. How can I verify the exact historical sold price?
The site provides sold price ranges for general research. To obtain the exact sale figure, you must request a manual lookup via email, as the data is not sourced from the MLS.