Property Overview: 178 Willowbend Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Willowbend Crescent in River Park South is a study in practical value and established comfort. Built in 1983, it is notably one of the newer homes on its street, offering potential advantages in terms of modern construction standards and likely fewer major immediate renovations compared to older peers. With a living area of 991 sq. ft., the home is compact, ranking below average in size for the street, neighborhood, and city. This positions it as an efficient, manageable space ideal for first-time homebuyers, downsizers, or investors seeking a straightforward rental property.
Its primary appeal lies in its solid value proposition within a mature neighborhood. The assessed value of $421k is consistently around the average benchmark at every comparison level—street, neighborhood, and city-wide. This suggests the property is priced in line with market fundamentals, not inflated by speculation. The lot size of just over 5,000 sq. ft. is also typical for the area, providing a decent outdoor space without the burden of extensive upkeep.
A thoughtful perspective for buyers is to see the smaller living area not just as a limitation, but as a feature for lower utility costs, easier maintenance, and a forced simplicity that suits a minimalist lifestyle. Furthermore, its "around average" valuation across the board indicates stability; it's a property less likely to be subject to wild appraisal swings, which can be reassuring for cautious buyers or those with strict financing parameters.
Section 2: Frequently Asked Questions
1. Is the smaller living area a concern for resale?
While below average in size, the property's assessed value aligns with averages, indicating the market has already priced in its square footage. Its appeal to entry-level and downsizing markets in a well-established area like River Park South provides a consistent buyer pool.
2. How does the 1983 build year affect the home?
Being one of the newest homes on the street (ranked #3 out of 84) is a positive. It may mean components like wiring, plumbing, and windows are relatively younger, potentially deferring major system updates. However, a 40-year-old home will still require a thorough inspection, as some original features may be nearing the end of their lifespan.
3. What do the sold price histories from 2016 and 2021 indicate?
The past sales show steady appreciation in line with broader market trends. The 2021 sale placed in the top 39% for the street, suggesting the property can perform well in active markets. This history points to a reliable, if not explosive, growth trajectory.
4. How accurate are the assessed value and sold price figures shown?
The assessed value is an official municipal figure used for tax purposes. The sold price data is sourced from public records but is presented in ranges; the site notes it is not MLS data and offers a manual lookup service for verified, exact historical sale amounts.
5. Who would this property not suit?
It would likely not suit buyers looking for a large, turn-key family home with ample room for growth, or those seeking a premium, above-average lot size. Its strengths are in efficiency and stability, not in spaciousness or luxury features.