Property Overview: 24 Reiny Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 24 Reiny Drive is a solid, average-sized property in Winnipeg's River East neighborhood, built in 1978. With 1,262 sqft of living space and a 5,500 sqft lot, it sits comfortably within the mid-range for both the city and the area. Its assessed value of $385k is very close to the Winnipeg average, suggesting a market-aligned and stable valuation.
The appeal here lies in its established neighborhood setting and practicality. While the home is slightly smaller and on a somewhat smaller lot than its immediate street neighbors, it is newer than most on Reiny Drive. This positions it as a potentially well-maintained option in a mature area. It would suit first-time buyers or downsizers looking for a manageable, no-surprises home in a community with consistent property values. It’s a property for those prioritizing a sensible entry into the market over standout size or premium finishes, offering the chance to live on a street where the average home value is higher, without the premium price tag.
Section 2: Frequently Asked Questions
1. How does this home really compare to others on the street?
The data shows it’s a bit of an outlier on Reiny Drive. It has a smaller living area and lot size than the street average, but it was also built slightly later than most homes there. This means you’re buying into a street of generally larger, slightly older homes, which can be positive for neighborhood character and stability.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($385k) is a municipal calculation for tax purposes and is a useful benchmark. It aligns closely with city and area averages. However, the last known sale was between $300k-$350k in 2016. Market conditions, property condition, and updates since then will ultimately determine the sale price.
3. What does the lot size mean for potential expansion or renovation?
At 5,500 sqft, the lot is below average for River East but near the city average. It provides standard backyard space but may have limitations for significant additions like a large garage or extension compared to larger lots in the area. Checking local zoning bylaws would be essential for any expansion plans.
4. Can I get the exact historical sale prices?
The site provides sold price ranges for context. To obtain verified, exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.
5. The home is described as "newer" on the street—is that a major advantage?
Built in 1978, it is only marginally newer than the street average of 1977. The advantage is likely subtle, possibly relating to the era of certain building materials or design. A professional home inspection is crucial to understand the actual condition, as age differences of a year or two are less significant than maintenance history.