Property Overview: 15 Rivergate Drive, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,643 sqft home, built in 1988, sits on a 5,779 sqft lot in Winnipeg's River Park South neighborhood. Its primary appeal lies in its strong positioning within the broader market, offering a balanced and practical opportunity. While it is one of the more modest properties on its own street in terms of size, value, and lot dimensions, it stands above average for both living space and assessed value when compared to the wider neighborhood and the entire city. This creates a unique dynamic: it’s a competitively sized and valued home in a well-established area, potentially offering a more accessible entry point onto a desirable street where other homes are typically larger and more valuable.
The property would suit practical buyers looking for a solid, move-in ready home in a mature suburban setting without paying a premium for the largest lot or square footage on the block. It’s also a sensible choice for those who value neighborhood stability and city-wide comparables over simply having the biggest house on the street. The 2023 sale suggests recent market activity, making it a relevant benchmark for the area.
Frequently Asked Questions
1. Is this home a good value compared to others in River Park South?
Based on assessed value, it is very close to the neighborhood average. Its living area is notably above the area average, which could indicate good value for the space offered relative to other local options.
2. Why is the assessed value lower than the street average?
The home’s living area and lot size are below the street’s average, which directly influences its assessed valuation. It is essentially a smaller property on a street of larger homes, reflected in its ranking and value.
3. How recent is the sale price data, and how accurate is it?
The home sold in July 2023. The provided price range is based on publicly available data, not the MLS. For fully verified and exact sale figures, you must request a manual lookup from the site via email.
4. What does the "Top 15%" ranking for the sold price mean?
This indicates that the final sold price in 2023 was higher than approximately 85% of comparable sale prices in both the neighborhood and city-wide during the data coverage period, suggesting it was a strong sale at that time.
5. The lot is smaller than the street average. Is that a major drawback?
It depends on priorities. The lot is still above the neighborhood average and near the city average. It may mean less yard maintenance than neighbors while still providing decent outdoor space, which some buyers may prefer.