Property Summary: 11 Ranch Road, River East, Winnipeg
Key Characteristics & Appeal
This home at 11 Ranch Road presents a compelling opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in offering above-average space and value across multiple scales. With 2,215 sqft of living area and a 7,140 sqft lot, the property provides more room than most comparable homes on its street, in the neighborhood, and across the city. The assessed value of $540k is notably above local averages, suggesting a perception of solid worth, though it's important to note this is not a market price.
Built in 1977, the home is slightly older than others on Ranch Road but aligns with the area's typical age. This may appeal to buyers who appreciate established communities with mature landscaping and are prepared for potential updates. The property last sold between $400k-$450k in late 2017.
This home would best suit buyers prioritizing interior and exterior space over a brand-new build. It's ideal for a growing family seeking a larger footprint in a stable area or for someone looking for a property with strong fundamentals that has consistently ranked above peer averages in size and assessed value.
Frequently Asked Questions
1. Is the assessed value the same as the asking or market price?
No. The assessed value of $540k is for municipal tax purposes and indicates the home is valued above averages in its area. The market price is determined by current conditions and will be set by the seller.
2. How does the home’s size compare to nearby properties?
Very favorably. The living area is in the top 13% on its own street, top 7% in River East, and top 6% city-wide when compared to similar homes, offering significant space.
3. The home was built in 1977. Should I be concerned?
Not necessarily. While it's slightly older than the immediate street average, it is typical for the wider neighborhood. A thorough inspection is always recommended to understand the condition of major systems, roof, and windows, and to identify any modernization needs.
4. What does the sold price history from 2017 tell me?
It provides a historical benchmark, showing the property sold for an estimated $400k-$450k over seven years ago. Market conditions and the property itself have likely changed since then, so this figure is a starting point for understanding past value, not current worth.
5. How can I get the exact past sold prices for this home?
The site notes that due to industry rules, exact MLS sold records are not displayed publicly. You can request the exact sold price history by emailing the site directly for a manual lookup.