Property Overview
140 Portside Drive is a well-established, modern home in Winnipeg's Normand Park neighbourhood. Built in 2011, it offers a generous 2,123 sqft of living space on a 5,596 sqft lot. The home's primary appeal lies in its relative newness and above-average scale compared to the wider city, providing a move-in-ready property with ample room. Its assessed value of $713k positions it as an elite property city-wide (top 4%), yet it is more in line with averages within its own desirable street and neighbourhood, suggesting you are paying for location and quality rather than an outlier premium.
This property would suit buyers looking for a modern home in a mature neighbourhood, who value space and a newer build but don’t want to be at the extreme top end of their immediate market. It’s a solid choice for professionals or families seeking a balance of contemporary comforts and established community.
Key Considerations & FAQs
1. How does this home compare to others on the street?
On Portside Drive, this home is quite average for both size and value, but it is the newest home on the street (top 2%). This suggests well-maintained, modern systems but without a lot size that stands out from its direct neighbours.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($713k) is a strong benchmark. It's notably higher than the city average but aligns more closely with neighbourhood averages. The last known sale was between $600k-$650k in late 2016, so market conditions and updates since then will be the major price determinants.
3. What are the less obvious trade-offs of the lot size?
The land area is below average for Normand Park. This means less yard space than many in the area, but it also typically translates to lower exterior maintenance. It’s a practical lot for those prioritizing interior space over extensive grounds.
4. How does this property rank city-wide, and why does it matter?
City-wide, this home ranks in the top 8% for size and top 4% for value. This highlights that it offers features (newness, space) that are scarce across Winnipeg, which can be a benefit for long-term value retention, even if it's more typical within its own affluent area.
5. Where can I find verified historical sale data?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service via email to provide verified transaction history, as the displayed price ranges are compiled from public, non-MLS data.