Property Summary: 108 Uxbridge Road N, River East, Winnipeg
Key Characteristics & Buyer Appeal
This 1963-built home in River East presents a compelling mix of space, value, and potential. Its primary appeal lies in its generous, quarter-acre lot (10,955 sq ft), which ranks within the top 5% city-wide for size. This offers exceptional outdoor space for gardens, play, or expansion, a rare find in the city. The 1,449 sq ft living area is comfortably sized, aligning closely with neighborhood and city averages.
The home’s assessed value of $398k is average for Winnipeg and River East, but notably below the average for its own street, suggesting it may offer relative value within a well-established area. A recent sale in late 2024 fell within the $450k-$500k range. As one of the older homes on its block, it likely appeals to buyers who value character, larger lot sizes over sheer house size, and see potential in updates or renovations. It suits practical buyers looking for space to grow into, who are comfortable with a home that may require modernization, and who prioritize land over having the newest or largest house on the street.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The property’s lot is significantly larger than most in Winnipeg, offering privacy, space for outdoor activities, and future potential that is increasingly hard to find.
2. How does the home’s age affect its value?
Built in 1963, it is older than most in the immediate area. This can mean lower property taxes relative to newer, higher-assessed neighbors, but buyers should budget for potential updates to systems, windows, or insulation.
3. The assessed value seems low for the street. Why?
The home is assessed below the street average, likely due to its older age and potentially more modest finishes or square footage compared to neighboring homes. This can represent an entry point into a desirable street.
4. What does the recent sale price indicate?
The 2024 sale in the $450k-$500k range, above the assessed value, reflects market demand and suggests buyers see value beyond the municipal assessment, possibly in the lot size and location.
5. Who would this property not suit?
Buyers seeking a modern, move-in-ready home with no projects, or those who prioritize having the largest interior square footage on the block, might find better options elsewhere. It’s ideal for those with a vision for its potential.