Property Overview
This home at 111 Aldgate Road in Winnipeg’s River Park South neighborhood presents a practical and affordable entry point into a stable, established area. Built in 1986, it sits on a standard lot and offers a functional living space that is modest in size compared to many nearby homes. Its appeal lies in its relative value and positioning within a mature community, offering a balance of space and affordability.
Key Characteristics & Ideal Buyer
The property is characterized by its below-average living area (968 sqft) for both the street and neighborhood, making it one of the more compact options in the area. However, its assessed value of $405k is solidly around the local average, suggesting the value may be attributed to the lot, location, or the home’s condition rather than its square footage. The home is older than most on its street but is actually newer than the typical Winnipeg home city-wide.
This home would suit first-time buyers or downsizers seeking a lower-maintenance property without leaving a well-regarded neighborhood. It’s also a sensible option for value-focused investors or buyers who prioritize a manageable footprint and lower property taxes over expansive living space. The data suggests you’re paying primarily for location and land here, not size, which can be a smart trade-off for the right buyer.
Frequently Asked Questions
1. Is the living area too small?
At 968 sqft, the home is notably smaller than area averages. It requires efficient use of space and may not suit those needing multiple large rooms. However, this compact size is a key factor in its relative affordability for the location.
2. How does the assessed value compare?
The $405k assessment is very close to the neighborhood average. This indicates the property is priced in line with the local market, not undervalued or overvalued based on municipal assessment metrics.
3. What does the year built (1986) mean for maintenance?
As a home from the mid-80s, it is past its initial build but not as old as many city-wide. Buyers should budget for updates common to that era, such as windows, roofing, or mechanical systems, but it may avoid some issues of much older construction.
4. How does the lot size compare?
The lot is just under 4,526 sqft, which is typical for the street but smaller than the neighborhood and city averages. It provides a standard suburban yard but not an unusually large outdoor space.
5. What can past sale data tell me?
Records show it last sold between $350k-$400k in mid-2021. This provides a recent benchmark, but for exact sale figures and a full history, a manual lookup via the site’s email request is necessary, as MLS data is not displayed.