Property Overview: 87 Redview Drive, Normand Park, Winnipeg
Key Characteristics & Appeal
This 1993-built home on a generous 7,673 sqft lot presents a compelling value proposition within Winnipeg. Its key appeal lies in its position as a city-wide standout for lot size and value, while offering a more modestly sized living space of 1,566 sqft. Compared to the entire city, the property ranks in the top 16% for its assessed value ($524k vs. a city average of ~$390k) and in the top 13% for land area, offering above-average outdoor space for the price. Within its own neighbourhood of Normand Park, however, the home is positioned as a more affordable entry, with both its living area and assessed value below the local averages. This creates a unique dynamic: it’s a home that offers strong city-wide metrics and a substantial yard, but within a desirable area where it represents a relatively accessible price point.
The property would suit practical buyers looking for a established neighbourhood without a premium price tag, particularly those who prioritize land over a large interior footprint. It’s also a sensible match for value-conscious purchasers who see potential in a home that may benefit from updates over time. The recent sale in late 2024 within the $550k-$600k range confirms its market position as a competitively priced option in the area.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The assessed value is around the average for Redview Drive. While the lot size is also near the street average, the living space is notably smaller than most neighbours, which is a key factor in its positioning.
2. Is the lot size a significant feature?
Yes. The lot is a primary asset, ranking above average for both Normand Park and Winnipeg overall. It offers more outdoor space than approximately 87% of properties city-wide, which is a considerable advantage for gardening, recreation, or future expansion.
3. Why is the living area noted as "below average"?
This comparison is specific to the immediate area. Normand Park features many homes with larger interior square footages. The living space is, however, above the Winnipeg city average, indicating the home is reasonably sized in a broader context but modest for its specific neighbourhood.
4. What does the recent sold price indicate?
The home sold between $550,000 and $600,000 in October 2024. This final sale price came in above the city-wide assessed value average and slightly above the home's own assessed value, reflecting a strong market perception of the property's worth, likely buoyed by its lot size and location.
5. How can I get the exact sale price and history?
The exact sale price is not publicly displayed due to data source restrictions. You can request the verified sale history and exact figures by emailing the site directly. They provide this information manually at no cost and without using your email for marketing.