Property Overview
16 Rillwood Place presents a modest, well-established home in Winnipeg's River Park South neighborhood. Its appeal lies in its affordability and alignment with typical homes on its street, offering a practical entry point into a desirable area.
Key Characteristics & Ideal Buyer
This is a 900 sqft bungalow built in 1978, sitting on a 2,971 sqft lot. The data reveals a property that is very typical for its immediate street but sits below the neighborhood averages for size and value. Its assessed value of $311k is close to the street average of ~$314k, yet it stands significantly below the River Park South area average of ~$447k. This creates a key dynamic: you are purchasing a home that fits right in on Rillwood Place itself, but at a price point that is more accessible than many larger, newer homes in the wider neighborhood.
The appeal is grounded in value and stability. It suits first-time buyers or downsizers seeking a manageable, lower-maintenance home without sacrificing location. It’s also a sensible option for long-term investors looking for a rental property in a stable community. A less obvious perspective is that its smaller lot and footprint could mean lower utility and property tax costs compared to neighborhood averages, while its "average-on-the-street" status suggests less risk of over-improving for the area.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Its assessed value is around the average for Rillwood Place but is notably below the average for the broader River Park South area. This indicates you're buying into the neighborhood at a lower price point, likely due to the home's smaller size and older vintage compared to many area homes.
2. Is the living space smaller than most homes in Winnipeg?
Yes. At 900 sqft, it is below the city-wide average of 1,342 sqft for comparable homes. This emphasizes its suitability for those seeking a cozy, efficient layout rather than ample space.
3. What is the history of sold prices for this home?
Public records show it last sold between $250k-$300k in April 2021. For fully verified sale figures and a complete transaction history, a manual lookup through the site is required.
4. How does the lot size impact the property?
The lot is smaller than averages for the street, neighborhood, and city. This typically means less yard maintenance but also less private outdoor space. It's a trade-off that contributes to the home's affordability.
5. The home was built in 1978. Is it older than most in the city?
Interestingly, no. Its 1978 build year is slightly newer than the Winnipeg city-wide average of 1966 for comparable homes. However, it is older than the River Park South neighborhood average (1990), reflecting the area's phases of development.