Property Overview: 23 Radium Cove, River East, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a compelling blend of space, land, and established value in Winnipeg’s River East neighborhood. Its primary appeal lies in its generous 2,010 sqft living area and a notably large 9,441 sqft lot, both of which rank well above average for the neighborhood and city. While the house itself, built in 1980, is slightly older than others on its street, it sits on a property that is one of the largest in the immediate area, offering significant outdoor potential.
The assessed value of $552k positions it as an elite property within River East (top 5%), suggesting a premium for its location and attributes. This isn't a starter home; it's a solid, established property that suits buyers looking for room to grow, garden, or simply enjoy more private outdoor space without moving to a rural area. It would particularly appeal to families or long-term owners who value lot size over a brand-new build, and who appreciate being in a mature neighborhood where the home's value stands out significantly against area averages.
Frequently Asked Questions
1. How does this home’s value compare to its last sale price?
It last sold in October 2019 for between $500,000 and $550,000. The current assessed value of $552k indicates stable or slightly appreciated value in line with that sale.
2. Is the house outdated because it was built in 1980?
While older than the average on its specific street, it is actually newer than the average home in the broader River East neighborhood. The age suggests potential for updates, but it’s a structurally mature home in an established area.
3. What does the "elite" neighborhood ranking for assessed value mean?
It means this home’s assessed value is in the top 5% of all comparable properties in River East. This signals it is considered a higher-value asset in the area, which can be positive for equity but may also correlate with higher property taxes.
4. How accurate is the sold price data shown?
The displayed sold price is a range based on publicly available data. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS records.
5. What are the advantages of such a large lot?
The lot is significantly larger than most on the street and in the city. This allows for greater privacy, space for additions like a garage or shed, extensive landscaping, gardening, or recreational space, which is a rare find in the city.