Property Overview: 12 Rillwood Place, River Park South, Winnipeg
Key Characteristics & Appeal
This 810 sqft bungalow, built in 1978, presents a straightforward, entry-level opportunity in the established River Park South neighborhood. Its primary appeal lies in its relative affordability within a mature community, as evidenced by its assessed value of $296k, which sits below both neighborhood and city-wide averages. The home’s living area and lot size (3,078 sqft) are modest, particularly when compared to newer builds in the area, positioning it as a more compact and manageable property.
This home would best suit first-time buyers, downsizers, or investors seeking a lower-priced foothold in a stable Winnipeg suburb. Its value proposition is clear: a chance to enter the market with lower property taxes and maintenance demands associated with a smaller home and yard. A thoughtful perspective is that its "below average" size and value for the area could be an advantage, offering a simpler living space without the premium paid for larger, modernized homes nearby. It represents a practical, no-frills option in a community where many properties have been expanded or rebuilt over time.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($296k) is for municipal tax purposes. Recent sold price data for the area suggests a range between $250k and $300k, but for precise, verified sale histories, a manual lookup is recommended.
2. How does the size of this home compare to others nearby?
At 810 sqft, this home's living area is below the average for both River Park South and Winnipeg overall. On its own street, it ranks in the lower third for size, indicating it is one of the more compact offerings in the immediate vicinity.
3. What are the property taxes likely to be?
While exact taxes depend on the mill rate, the below-average assessed value typically results in proportionally lower property tax bills compared to higher-valued homes in the same city and neighborhood.
4. Is the lot size suitable for an addition or expansion?
The 3,078 sqft lot is around average for Rillwood Place but below the neighborhood standard. Any expansion would need to consider lot coverage bylaws. It may be more suitable for a garden or deck rather than a major footprint addition.
5. How current is the sold price data provided?
The sold price range shown is based on publicly available data from January 2016 through April 2025. For the most accurate and complete transaction history, you should request an exact figure lookup by email.