Property Overview: 12 Parenteau Place, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1988 four-level split home in River Park South stands out for its generous, mature lot and spacious interior. Its key characteristic is the exceptionally large 17,560 sqft property, which ranks in the top 2% of all lots in Winnipeg. This provides rare potential for privacy, gardening, expansion, or recreation in the city. The 1,817 sqft living area is also well above average for the neighbourhood, offering ample room for a growing or multi-generational family. The home features an attached garage and a renovated basement.
The appeal lies in a combination of space, established location, and value. It suits buyers looking for a long-term family home where the land itself is a major asset. It would particularly fit those who value outdoor space over a brand-new build, and who see potential in a property where the lot size is a legacy feature rarely found in newer subdivisions. It’s also a sensible option for buyers comparing newer, smaller homes on standard lots, as it offers more room both inside and out for a competitive assessed value.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the listing agent is necessary to determine the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
2. How does the 1988 build year affect the home?
While not a new build, the home is in the middle range for its established street and neighbourhood. Buyers should budget for expected maintenance of a 38-year-old home (roof, windows, major systems) but can also appreciate the established landscaping and neighbourhood character that comes with it.
3. The assessed value seems low compared to the lot size. Why?
Municipal assessed value for tax purposes is not market value. This assessment reflects a historical valuation and may not capture the current market premium for such a large lot. The sale price will be determined by current market conditions and buyer demand for this unique feature.
4. Is the huge lot fully usable?
Prospective buyers should verify the lot's topography, zoning, and any easements. A lot this size may have portions that are low or wooded, which influences its use for gardening, play, or future development like a garage or addition.
5. What is the neighbourhood like?
River Park South is a mature, family-oriented neighbourhood in southeast Winnipeg. The high rankings show this specific property is among the largest and most valuable on its street and in the area, suggesting a well-kept, established setting with access to local schools, parks, and amenities.