Property Overview: 23 Zacharias Place, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This 1978-built home in River East presents a compelling mix of space, value, and location. With 1,725 sqft of living area, it offers above-average space for both the neighborhood and the city, providing ample room for a growing family or those seeking a comfortable layout. The lot size of 7,720 sqft is notably generous, ranking in the top 12% city-wide, which is a significant asset for outdoor living, gardening, or future expansion.
The primary appeal lies in its strong value positioning within a desirable community. While it is one of the smaller and older homes on its specific street, its assessed value of $499k sits well above the neighborhood and city averages. This suggests you are paying for the location and land within River East, rather than for a premium-sized home on that particular block. It last sold in 2017 for between $400k-$450k, indicating substantial equity growth since then.
This property would best suit practical buyers who prioritize a large yard and established community over a brand-new or street-dominant home. It’s ideal for those looking for a solid, spacious house in a good area without paying a premium for the absolute largest property on the block. It represents an opportunity to enter a well-ranked neighborhood where the home itself has room to personalize and the land offers long-term utility.
Section 2: Frequently Asked Questions
1. How does this home really compare to its neighbors?
While its living area is below the street average, it ranks above average for both the broader River East neighborhood and Winnipeg overall. You’re getting a home that is spacious for the area, just not the largest on this specific street, which is comprised of slightly larger properties.
2. What does the assessed value tell me?
The $499k assessment is significantly higher than the neighborhood ($401k) and city ($390k) averages. This typically reflects the desirability of the location and the valuable lot size. It’s important to note that assessed value is for taxation and is not a market price, but it does indicate the city’s valuation relative to other homes.
3. Is the lot size a major feature?
Yes. The 7,720 sqft lot is a standout, placing in the top 23% in River East and the top 12% city-wide. This is a substantial yard for an urban property, offering privacy, recreation space, and potential.
4. How can I find out the exact past sale price?
The site provides a sold price range from 2017. Due to data display rules, exact historical sale figures are not published online here. You can request the exact sold price history by emailing the site directly for a manual lookup.
5. Are the comparable homes listed similar to this one?
The listed "for reference" homes are nearby in River East and give a snapshot of the area's market. They vary in size, age, and value, showing that 23 Zacharias Place sits in the middle to upper range for assessed value in the vicinity, justified by its larger lot and above-average living area for the community.