Property Overview: 114 Pately Crescent, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This 990 sqft bungalow, built in 1984, presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. Its primary appeal lies in value and stability. While the living space is notably compact compared to most homes on the street and in the area, this is reflected in its accessible price point, with a recent sold price between $350k-$400k and an assessed value of $396k. The lot size is typical for the street, and the home’s age is actually among the newest on Pately Crescent, suggesting potentially fewer immediate concerns than older neighboring houses.
This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint without leaving a well-established community. Its value is grounded in location rather than size, offering the benefits of a mature neighborhood—like developed landscaping and settled infrastructure—at a lower cost per square foot. A thoughtful perspective for a buyer is to see the smaller living area not just as a limitation, but as a catalyst for efficient, low-clutter living and reduced utility costs. The data indicates it’s a home that prioritizes function and financial accessibility over spaciousness.
Frequently Asked Questions
1. Is this home significantly smaller than others nearby?
Yes. At 990 sqft, the living area is below the average for Pately Crescent (~1,452 sqft) and the River Park South neighborhood (~1,410 sqft). This is a key factor in its pricing.
2. How does its value compare to the area?
Its assessed value ($396k) is slightly below the street average but aligns closely with the Winnipeg-wide average. This suggests you are paying primarily for the lot and location, with the home itself priced accordingly for its size.
3. The home was built in 1984. Are there any advantages to that?
On this specific street, a 1984 build date is actually one of the newest, ranking in the top 4%. This could mean updates have already been made to major systems, and it may have design elements from a more modern era than its immediate neighbors.
4. What can the recent sale history tell me?
It last sold between $350k-$400k in December 2024. Prior to that, it sold between $250k-$300k in March 2017. This indicates steady appreciation over a seven-year period.
5. How can I find out the exact past sale prices?
Due to data display rules, exact figures are not published online here. You can request the full transaction history and exact sold prices by emailing the site directly for a manual lookup.