Property Overview: 127 Redview Drive, Winnipeg
Key Characteristics & Appeal
This home at 127 Redview Drive in Normand Park is defined by its generous scale and strong value proposition within the broader Winnipeg market. Its primary appeal lies in its substantial living space of 2,411 sq ft, which places it in the top 4% of homes citywide for size. This makes it a notably spacious offering, especially when compared to the city's average home of around 1,342 sq ft. The lot size of 6,678 sq ft is also comfortably above the city average, providing ample outdoor space.
The home’s assessed value of $603,000 presents an interesting dynamic: it is above average for the city (top 8%), yet sits around the middle range for the immediate Normand Park area. This suggests buyers are getting significant square footage for a price that is competitive within a desirable neighbourhood. A less obvious point is the home’s age; built in 1987, it is older than most on its street and in the area, which may indicate a property with mature landscaping and established character, but also warrants a close look at updates and systems.
This property would best suit buyers who prioritize interior space and a larger lot over a newer build. It’s ideal for growing families needing room or those looking for a property whose size is a standout feature city-wide. The value-centric buyer, who recognizes that the price aligns with neighbourhood norms for a home that offers above-average dimensions, will also find it compelling.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $550,000-$600,000 in October 2021. Its current assessed value of $603,000 is slightly above the street average, reflecting its larger-than-average living area for the area.
2. The home is noted as older than many in the area. What should I consider?
Built in 1987, key considerations would be the age and condition of major components like the roof, windows, HVAC system, and plumbing. An inspection is crucial. On the positive side, an older home in this context often comes with a more mature, private yard.
3. What does the "top 4% citywide" for living area actually mean for me?
It means this home offers a rare amount of interior space compared to the vast majority of Winnipeg homes. You are getting a property that is significantly larger than the typical urban footprint, which is a major advantage for space-seeking buyers.
4. The assessed value is in the top 8% citywide but only average for Normand Park. Is that good?
This can be seen as a strength. It indicates you are purchasing in a neighbourhood where property values are collectively strong, and within that market, this home is priced appropriately while offering superior square footage. You're buying into a desirable area without a premium for the extra space.
5. How can I verify the exact historical sold prices?
The precise sale figures are not publicly displayed due to industry regulations. You can request the exact sold price history by emailing the site directly for a manual lookup, which they provide without using your contact information for marketing.