Property Overview: 27 Chernichan Drive, Winnipeg
Key Characteristics & Appeal
This home presents a balanced offering in Winnipeg’s River East neighborhood. Built in 1995, it is notably newer than most homes in the area, placing it in the top 2% locally for its year of construction. This suggests potentially fewer immediate concerns with aging components compared to the neighborhood average. The lot size is a significant standout, ranking in the top 6% on its own street and top 7% city-wide at over 9,600 sqft, offering ample outdoor space that is increasingly rare.
The living area of 1,293 sqft is consistently around the average for the street, neighborhood, and city, indicating a comfortable, mid-sized layout. The assessed value of $466k sits above area and city averages, reflecting the premium for the newer build and larger lot. The home last sold in 2021 for an estimated $450k-$500k.
Its appeal lies in this combination of a relatively modern build on a generous, private lot within an established community. It would suit buyers looking for a move-in-ready home with room to garden, play, or expand outdoors, without taking on a major renovation project. It’s a practical choice for those who value space and newer construction over a maximized interior square footage.
Frequently Asked Questions
How does the assessed value relate to the likely selling price?
The assessed value ($466k) is for municipal tax purposes and is typically a trailing indicator. While it provides a benchmark, the actual market price is determined by current conditions, buyer demand, and the home’s specific presentation. Its above-average assessment suggests solid underlying value.
What are the implications of the lot size being so far above average?
The large lot (9,621 sqft) offers immediate benefits like privacy, recreation space, and gardening potential. Long-term, it may also provide future opportunity for additions or landscaping projects that aren’t feasible on standard lots, which can be a wise investment in land value.
The home is newer than most in River East. What does that mean for me?
A 1995 build likely means more modern wiring, plumbing, and insulation standards than homes from the 1960s-70s that dominate the area. This can translate to better energy efficiency and lower near-term maintenance costs, though a full inspection is still essential.
The living area is described as "around average." Is that a drawback?
Not necessarily. It indicates the home’s size is typical and functional for the area, which can be an advantage for resale. The value proposition here is shifted toward the land and the newer construction, rather than an exceptionally large interior.
Where can I get verified sale price data for this home?
The site provides estimated sold price ranges. For fully verified figures and a complete transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.