Property Overview: 114 Aldgate Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1986-built home in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. Its key characteristic is its compact size, with 863 square feet of living space, which is notably smaller than most homes on its street and in the wider area. This is reflected in its assessed value of $390k, which sits below the street average but aligns closely with the Winnipeg-wide average.
The appeal lies in its efficiency and value. For the price, buyers secure a standard city lot in a mature, family-friendly community. The home’s age is a relative strength city-wide, being newer than the average Winnipeg home, suggesting potentially fewer immediate major updates than much older stock. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with the stability of a suburban neighborhood. A thoughtful perspective is that its smaller footprint and below-street-average value could mean lower utility costs and property taxes relative to neighbors, offering a more manageable total cost of ownership.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 863 sqft, the home is significantly cozier than the average house on Aldgate Road (1,405 sqft). It would best suit individuals, couples, or small families comfortable with efficient living spaces.
2. How does the assessed value compare?
The $390k assessment is below average for Aldgate Road but aligns with the city-wide average. This suggests the property is priced for its neighborhood location but may offer value compared to the street's larger, more expensive homes.
3. What does the year built (1986) indicate?
Built in 1986, the home is older than most on its street but newer than the typical Winnipeg house. Buyers should anticipate maintenance and updates consistent with a nearly 40-year-old property, but potentially with more modern fundamentals than pre-1970s homes.
4. Have there been recent sales?
Records show the property sold in 2017 and 2019, both times within the $300k-$350k price band. Exact sale prices require a manual lookup request through the site.
5. How does the lot size compare?
The 4,628 sqft lot is close to the average for Aldgate Road. It provides standard suburban outdoor space but is smaller than the typical lot across Winnipeg.