Property Overview: 139 Redview Drive, Winnipeg
Key Characteristics & Buyer Appeal
This 1991-built home in Normand Park presents a distinct value proposition defined by its context. With 1,493 sqft of living space, it is notably smaller than most homes on its street and in the immediate area, but it sits close to the city-wide average. This creates an interesting dynamic: it offers a more manageable footprint in a neighbourhood of larger homes. The assessed value of $518k follows a similar pattern, positioned below local averages but above the Winnipeg-wide average, suggesting you are paying a premium for the Normand Park location.
The appeal lies in securing a well-located property with a generous 6,678 sqft lot—above the city average—offering ample outdoor space that many newer homes lack. It suits practical buyers who prioritize location and land size over a large interior, and who see the value in a home that is easier and potentially less costly to maintain than its neighbours. It’s a pragmatic choice for those wanting to enter a desirable area without the price tag of its largest homes, or for downsizers seeking a single-level living possibility (subject to confirmation of layout) without leaving the community.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($518k) is for municipal tax purposes. The recent sold price range (CA$500k–550k in August 2023) is a better indicator of market value, but conditions change. A current market evaluation is essential.
2. Why is the living area considered below average for the street?
The data shows most homes on Redview Drive are larger, averaging about 2,105 sqft. This home’s 1,493 sqft is among the more modest footprints on the block, which can mean lower utility costs and less upkeep.
3. How does the lot size compare?
The 6,678 sqft lot is slightly below the street average but is above the average lot size for the entire City of Winnipeg. This means you likely have more outdoor space than many city properties.
4. Where can I see exact historical sold prices?
The site provides sold price ranges publicly. To receive verified, exact sold figures for this property, you must request them via email from the service, as they are not displayed directly on the site due to data sourcing rules.
5. What does the "rank" and "top X%" data mean?
It shows how this property compares to groups of "comparable homes." For example, for living area city-wide, it ranks in the top 31% (meaning 69% of comparable city homes are smaller). On its own street, it ranks 46th out of 47 for size, placing it in the top 98% (meaning it is one of the smallest).