102 Diamond Street

Property Overview: 102 Diamond Street, Winnipeg

Key Characteristics & Appeal

This well-situated home in River East presents a compelling mix of space, modernity, and value. Its primary appeal lies in offering above-average living space (1,775 sq. ft.) within a home that is notably newer than most in the immediate area. Built in 1984, it ranks in the top 3% for year-built on its street, suggesting potentially fewer major age-related concerns compared to neighboring properties. With an assessed value of $433K, it sits above the local street average but remains competitive within the wider city context.

The property is ideally suited for buyers prioritizing interior space and a relatively modern build over a large yard. While the land area is smaller than most on the street, this can translate to less exterior maintenance. It appeals to growing families or professionals seeking a move-in-ready home in a stable neighborhood without the premium often attached to brand-new constructions. A thoughtful perspective is that its "above average" rankings across multiple metrics indicate a balanced, no-compromise offering—it doesn't excel in one area at a severe cost to another, providing solid overall value.

Frequently Asked Questions

1. How does the smaller lot size impact the property?
While the land area is below the average for Diamond Street and River East, the lot is still a standard city size. This means less yard maintenance but may limit expansion possibilities like large additions or pools. It focuses the property's value on the home itself.

2. The assessed value is above average for the street. What does that indicate?
A higher assessment than the street average often reflects the home's larger living area and newer construction date. It suggests the municipality views the property as having higher intrinsic value, which is a positive for equity, though it's important to compare this to recent actual sale prices.

3. Is the 1984 build date an advantage?
Yes, significantly. Being one of the newest homes on the street (ranked #1 out of 37) typically means updated building materials, electrical systems, and insulation compared to homes built in the 1960s or 70s, potentially leading to lower immediate repair costs and better energy efficiency.

4. What can the 2019 sale price range tell me?
The previous sale in the $400K-$450K range provides a historical benchmark. Comparing the current assessed value ($433K) to that range can help gauge market appreciation. For precise figures, you can request the exact sold price history via email from the site.

5. How does this home compare to others in Winnipeg for space?
Its living area ranks in the top 18% city-wide, meaning it offers more interior space than over 80% of comparable homes in Winnipeg. This is a key advantage for buyers seeking roominess without moving to a dramatically higher price bracket.