Property Overview: 14 Thornewood Avenue, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,522 sqft bungalow, built in 1981, presents a solid, no-surprises offering in the established River Park South neighborhood. Its primary appeal lies in its balanced metrics and generous 6,240 sqft lot, which is notably larger than most in the area. The home's living space is above the Winnipeg average, providing ample room for a growing family or those who value space. While its assessed value is modest compared to its immediate street, this positioning could represent a relative value opportunity within a stable, mature community.
The property suits practical buyers looking for a home that doesn't require competing for the newest or largest house on the block. It's ideal for someone who prioritizes a sizable yard over a recently built structure and sees potential in a home that is older than many in its neighborhood but on par with the city's overall housing stock. It’s a sensible choice for those seeking a grounded entry into a family-friendly area without the premium price tag of a newer build.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $300k-$350k in 2017. Its current assessed value of $400k is below the street average of ~$424.5k, suggesting it may be priced conservatively relative to its neighbors, though a professional appraisal is needed for a current market valuation.
2. Is the lot size a significant advantage?
Yes. The lot is in the top 20% for size within River Park South, offering more outdoor space than typical properties in the neighborhood. This is a lasting asset for gardening, play, or future expansion.
3. The home was built in 1981. What should I consider?
While newer than the city average, it is older than many homes in River Park South. This typically means well-established infrastructure and mature landscaping, but buyers should budget for updates consistent with a 40+ year-old home, such as windows, roof, and major systems.
4. Why is the assessed value ranking so different at the street, neighborhood, and city levels?
This highlights the property's context: it's on a street of relatively high-value homes (ranking 18th out of 21), is average for the neighborhood, and is slightly above average city-wide. This indicates you're buying into a desirable micro-location where this home is one of the more affordable options.
5. How can I get the exact historical sale price?
The site provides sold price ranges for reference. Due to industry rules, exact MLS sale figures are not published here. You can request the full transaction history and exact sold prices via email through the site’s manual lookup service.