Property Overview: 14 Chornick Drive, River East, Winnipeg
Key Characteristics & Appeal
This 1,076 sqft bungalow, built in 1975 on a 5,499 sqft lot, presents a practical and affordable entry point into Winnipeg’s established River East neighborhood. Its core appeal lies in its position as a competitively priced home in a mature area, with an assessed value of $334k that sits below the local street and neighborhood averages. The living space is modest but functional, ranking around average for the city overall, suggesting it meets essential needs without excess.
The property is best suited for first-time buyers, downsizers, or value-focused investors seeking a lower-than-average entry cost for the area. Its below-average lot size relative to the street might mean less yard maintenance—a potential plus for those prioritizing simplicity. The data indicates the home hasn’t been subject to the steep valuation increases seen by some area properties, which could represent a relative value opportunity in a settled community. The last known sale was between 2016-2020, so the current owner may have established equity, potentially allowing for reasonable negotiations.
Frequently Asked Questions
1. Is this home priced below market value?
The assessed value of $334k is notably below the average for both Chornick Drive ($382.8k) and the wider River East area ($401.1k). This suggests the municipal assessment is conservative, which could be attractive for property taxes, but the final market price will depend on condition, updates, and current demand.
2. How does the lot size impact the property?
At 5,499 sqft, the lot is smaller than most on the street. This typically means less outdoor maintenance but also less private space. It’s worth considering if the layout still allows for a deck, garden, or parking that meets your needs.
3. What does the sale history tell us?
It last sold for between $250k-$300k around 2016. The increase to the current assessed value aligns with broader market trends. This history indicates the home hasn’t been flipped recently, so buyers should budget for potential updates consistent with a house of this age.
4. Who are the likely neighbors?
The street consists primarily of similar bungalows built in the mid-1970s. The consistent age and style suggest a stable, established community, which often translates to long-term residents and neighborhood familiarity.
5. How can I get the exact past sale price?
The provided data shows a price range. For precise historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS records directly due to industry regulations. They state this service is free and your email will not be used for marketing.