Property Overview
20 Winters Way is a well-proportioned family home in Winnipeg's River East neighborhood. Built in 1976, it offers 1,643 sqft of living space on a 6,643 sqft lot, with a current assessed value of $384,000. The home presents a balanced offering, standing out for its spacious interior relative to its immediate surroundings while representing a stable, average value proposition for the area.
Key Characteristics & Appeal
The primary appeal of this home lies in its above-average living space. It ranks in the top quarter of homes locally and citywide for square footage, offering more room than most comparable properties. This makes it a practical choice for growing families or those who simply desire more spaciousness without a premium price tag. The lot size, while slightly smaller than others on its street, is still above the citywide average, providing decent outdoor space.
Its assessed value is consistently around the average mark for the street, neighborhood, and city, indicating it is fairly priced within the current market without any significant over- or under-valuation. The home last sold in August 2021 for between $300,000 and $350,000, suggesting potential for equity growth since that time.
This property would best suit value-conscious buyers looking for a move-in ready, spacious home in an established neighborhood. It’s ideal for those who prioritize interior space over having the largest lot on the block and who appreciate a home that represents a solid, middle-of-the-market investment in a stable community.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $384k is very close to the average for similar homes in Winnipeg, making it a good benchmark. However, market conditions, the home's specific condition, and recent upgrades will ultimately determine the final sale price.
2. How does the lot size compare to the neighborhood?
The lot is slightly smaller than the average for River East and is the smallest among the five comparable homes on Winters Way itself. However, it is still larger than the average lot across the entire city of Winnipeg.
3. The home was built in 1976. What should I consider regarding its age?
As a home from the mid-1970s, key systems like the roof, windows, plumbing, and electrical may be nearing or past their typical lifespan. A thorough inspection is crucial to understand the condition and anticipate any needed updates or repairs.
4. The home sold recently in 2021. What does that mean?
The previous sale between $300k and $350k suggests the current owners have likely built equity. This recent transaction also provides a useful, modern price point for comparison, though the market may have shifted since then.
5. How does the living space truly compare to other homes?
This is the home's standout feature. With 1,643 sqft, it offers significantly more space than the average home on its street (1,161 sqft) and is also above the averages for both the River East neighborhood and the city as a whole. You are getting more interior space than most comparable properties.