Property Overview: 14 Strand Circle, Winnipeg
Key Characteristics & Buyer Profile
This 932 sqft bungalow in River Park South, built in 1979, presents a practical and affordable entry point into a well-established Winnipeg neighborhood. Its primary appeal lies in value. With an assessed value of $338k, it sits notably below the neighborhood average, offering a cost-effective alternative on a street and in an area where most homes are priced higher. The home last sold between $300k-$350k in 2021, aligning with its current assessment.
The property suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint without leaving a mature community. Its smaller living area and compact 3,401 sqft lot mean less space to maintain and lower utility costs, which can be a strategic advantage for budget-conscious owners. While it ranks below local averages for size, this directly contributes to its accessible price point. A thoughtful perspective is that this home represents the "baseline" of the neighborhood—owning here provides access to the area's amenities and stability without the premium for larger, modernized properties. It’s a pragmatic choice for those who prioritize location and financial efficiency over square footage.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Yes, from a financial standpoint. The assessed value is significantly below the street average of $380k, suggesting you are paying less for the same location. This can be appealing, but it's wise to investigate if the lower value reflects the home's condition, updates needed, or simply its smaller size.
2. How does the smaller lot size impact the property?
The lot is smaller than most in River Park South. This means less outdoor maintenance and lower property taxes, which is a benefit for some. However, it also means limited space for expansions, large gardens, or extensive outdoor recreation.
3. The home seems small. How does the living area compare practically?
At 932 sqft, it's compact. This is ideal for individuals, couples, or small families who value efficient living. The floor plan's layout will be crucial, so a viewing is essential to see if the space is well-utilized.
4. The home was last sold in 2021. What does that recent sale indicate?
The sale in the $300k-$350k range just a few years ago suggests the market has recognized its value relative to size. It provides a recent, transparent price point for comparison, reducing some uncertainty about its market worth.
5. Are the sold prices on this site accurate?
The site uses publicly available data, not MLS records, and shows price ranges. For fully verified and exact historical sale figures, you must request them directly from the site via email, as noted in their disclaimer.