Property Overview
This 1983-built home on Willowbend Crescent in River Park South presents a practical opportunity in a well-established Winnipeg neighborhood. With 991 square feet of living space and a nearly 5,000 sqft lot, it sits comfortably within the average range for its immediate street and area in terms of value and land size. Its assessed value of $396k aligns closely with city-wide averages. The home’s standout characteristic is its age relative to its street—it is one of the newest homes on the block, which can suggest newer core components compared to neighbors. However, its living space is notably more compact than most homes on the street and in the broader area.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficiency and position within a mature neighborhood. It suits first-time homebuyers, downsizers, or investors looking for a lower entry point into a stable area without the premium for larger square footage. The lot size is generous for the home’s footprint, offering clear potential for outdoor living, gardening, or future expansion, subject to approvals. Its "newer on the block" status is a subtle advantage, potentially meaning fewer immediate major upgrades than older counterparts. The recent sale history indicates it trades within a predictable, moderate price band for the city. This isn’t a luxury property, but a solid, grounded option for those prioritizing location and lot over interior size.
Who It Suits Best:
- First-time buyers seeking affordability in a family-friendly neighborhood.
- Downsizers looking to maintain a yard but reduce interior maintenance.
- Value-oriented investors interested in a stable rental area.
- Buyers who view a smaller, efficient house as a canvas for future renovation or addition.
Frequently Asked Questions
1. Is the house too small compared to others on the street?
Yes, the living area is below the street average. This is reflected in its ranking (74 out of 84). For some, this is a drawback; for others, it’s what makes the home affordable and manageable.
2. What does it mean that the year built is ranked "Elite" on the street?
It simply means this home (1983) is one of the newest among its direct neighbors, where the average build year is also 1983. This suggests the street is uniformly mature, but this property may be marginally newer than many on the block.
3. How does the assessed value compare?
The assessed value is very typical—it’s almost exactly the city-wide average and sits close to the averages for its street and neighborhood. This indicates the assessment is in line with market norms for a home of its type.
4. Can I see the exact past sale price?
The provided data shows a sold price range. For verified, exact historical sale figures, you must request a manual lookup via email, as this site does not display MLS records.
5. Is the lot a good size?
At just under 5,000 sqft, the lot is slightly smaller than the street average but is a standard size for the neighborhood. It is, however, significantly larger than the home itself, which is a key feature offering potential for outdoor space or future projects.