Property Overview: 170 Summerfield Way, River East, Winnipeg
Key Characteristics & Buyer Profile
This home presents a specific value proposition centered on affordability and location within Winnipeg's River East neighborhood. Its key characteristic is a modest 720 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. This is reflected in its assessed value of $256k, which sits below local averages. The lot size is also compact relative to the neighborhood.
The appeal lies in its accessibility. It offers an entry point into a stable, established community at a price point well below the area norm. It is one of the newer homes on its street (built 1973), suggesting potentially fewer immediate age-related concerns than some neighbors. This property would suit first-time buyers, downsizers, or investors seeking a lower-cost holding in the area. It’s for those who prioritize location and financial feasibility over space, and who see potential in a smaller, manageable footprint.
A less obvious perspective is that its below-average metrics across size and value could indicate less property tax pressure relative to neighboring homes. Additionally, its consistent sale price range in recent years suggests a stable, predictable market value for this specific home type.
Frequently Asked Questions
1. Is this a small house?
Yes. At 720 sqft, the living area is significantly smaller than the average home in River East (approx. 1,400 sqft) and on Summerfield Way itself (avg. 966 sqft). It is a compact property.
2. Why is the assessed value lower than the neighborhood average?
The assessed value of $256k is primarily lower due to the home's smaller size and lot dimensions compared to area averages. Value is closely tied to these physical metrics in the assessment model.
3. How recent are the sales, and what did it sell for?
The home sold in October 2022 and September 2021. Public data shows the sold price fell within the $200k-$250k range on both occasions. Exact sale prices require a manual lookup from the provider.
4. Is the home newer than others on the street?
Yes. Built in 1973, it is newer than the average home on Summerfield Way (avg. year built 1972), ranking it very high in that specific comparison.
5. How does the lot size compare?
The lot is 3,185 sqft, which is smaller than the average lot on the street (4,617 sqft) and significantly smaller than the River East neighborhood average (7,084 sqft).