Property Overview: 11 Regis Drive, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River Park South home, built in 1978, presents a compelling blend of established neighborhood character and practical value. Its key appeal lies in its strong positioning on its own street and its efficient use of space. With 1,248 sqft of living area, the home is notably larger than most on Regis Drive, offering more room than the immediate street average. The lot size is also above average for the street, providing good outdoor space.
The assessed value of $387k is very much in line with city-wide averages and reflects a value proposition within the broader neighborhood. Here, the home is assessed below the area average, which may indicate a more accessible entry point into River Park South without sacrificing the perks of the location. This profile suits first-time buyers or downsizers looking for a manageable, single-family home in a mature area. It also appeals to value-conscious buyers who prioritize more interior space and a larger lot over a newer build, understanding that a home from this era may come with update projects but also offers established landscaping and community stability.
A less obvious perspective is the home’s potential as a strategic hold in a transitioning area. Being one of the older homes in a neighborhood where the average build year is 1990 suggests the area has seen significant renewal. This can mean well-maintained older homes are nestled among newer ones, offering classic charm while benefiting from the overall uplift of the community.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, this property last sold between $350k-$400k in July 2023. That sale price ranked in the top 20% for its street, indicating it was a strong performer relative to its immediate neighbors at that time.
2. Is the assessed value a reliable indicator of the listing or sale price?
The assessed value ($387k) is for municipal tax purposes and is a snapshot in time. It is one data point among many. Market conditions, the home’s specific condition, and updates made since the assessment can all cause the actual market price to differ.
3. The home is older than many in River Park South. What should I consider?
Built in 1978, it is older than about 95% of homes in the broader neighborhood. This necessitates a focus on the condition of major aging components like the roof, windows, furnace, and electrical systems during an inspection. The upside is that homes from this era often feature larger lots and mature trees.
4. How can I get the exact historical sale prices for this property?
The provided sold price is a range from public records. For fully verified and exact transaction history, you would need to request a manual lookup from the site via email, as MLS sold data is not displayed here due to industry rules.
5. What are the home’s strengths compared to its direct neighbors?
The data suggests its primary strengths on Regis Drive are a larger-than-average living area and a slightly larger-than-average lot. Its assessed value is competitive, ranking around the middle of the pack on the street, which could represent a good balance of space for the price within this specific location.