118 Aldgate Road

Property Overview: 118 Aldgate Road, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 1986 bungalow in River Park South presents a practical entry point into a well-established neighborhood. Its key characteristic is its modest 870 sqft living area, which is notably smaller than most homes on its street and in the broader area. This is reflected in its assessed value of $384k, which sits below the local average but aligns closely with the Winnipeg-wide typical price.

The appeal lies in its efficiency and positioning. For the price, it offers land ownership (a 4,628 sqft lot) in a mature community, often at a lower threshold than larger, updated homes nearby. It suits first-time buyers or downsizers seeking a lower-maintenance footprint without leaving the neighborhood, or investors looking for a rental property with a stable baseline value. A thoughtful perspective is that its "below average" size and value for the immediate area could represent a relative value opportunity for a buyer comfortable with a smaller space, as it avoids paying a premium for the neighborhood's larger average home sizes.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($384k) is a municipal tax valuation. Recent sold price data for the area suggests this home last sold between $400k-$450k in 2023. For the most accurate historical sale figures, you should request a manual lookup from the site.

2. How does the home's size compare to others nearby?
At 870 sqft, the living area is smaller than most comparable homes on Aldgate Road (average 1,405 sqft) and in River Park South (average 1,410 sqft). This is a defining feature of this property.

3. What does the "below average" ranking for year built mean?
Built in 1986, it is older than many homes on its street (where the average build year is 1998). However, it is actually newer than the average Winnipeg home (1966). This indicates a mature street with some newer infill or development.

4. Are the sold prices shown from the MLS?
No. The sold price data provided here is compiled from public online sources, not the MLS. For fully verified transaction history and exact sale prices, you must request a manual lookup via email.

5. What is the context for its value within Winnipeg?
While its value is below average for its specific street and neighborhood, it is very close to the city-wide average assessed value for comparable homes ($390.1k). This highlights that values in River Park South generally run higher than many parts of Winnipeg.