Property Overview: 194 Alburg Drive, River Park South, Winnipeg
Key Characteristics & Appeal
This 1983-built home in River Park South presents a balanced, grounded offering in the Winnipeg market. Its primary appeal lies in its generous 6,554 sqft lot, which ranks in the top 10% on its own street and offers above-average outdoor space for the neighborhood. The 1,326 sqft living area is consistently around the average for its street, area, and city, indicating a comfortable, typical size for the locale. With an assessed value of $438k, it sits above the Winnipeg citywide average for comparable homes, suggesting a perceived value that aligns with or exceeds broader market standards.
The property suits buyers seeking a established home in a mature neighborhood without extreme outliers in size or price. It’s a practical choice for those who prioritize a larger yard over a larger house footprint. The historical sales data shows steady value progression, and the home’s characteristics are consistently "around average" in most metrics, which can be a strength—it represents a stable, known quantity in the area without unexpected extremes. This makes it a sensible option for first-time buyers or downsizers looking for a manageable home with room to garden or relax outdoors, within a community of similar properties.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in late 2020. While exact prices require a manual lookup, the data indicates that sale was in the top 56% for the street at the time, showing a history of holding value relative to its immediate neighbors.
2. Is the lot size a significant advantage?
Yes. The lot is notably larger than most on Alburg Drive (top 10%) and in the River Park South neighborhood (top 17%). This is a key differentiator for outdoor space, potential landscaping, or future projects like a shed or deck.
3. The living area is described as "around average." What does that mean for daily life?
It means the home’s size is very typical for the area. You can expect a layout and room sizes comparable to many other homes in River Park South, which generally suits small families, couples, or individuals comfortably.
4. The assessed value is above the city average but around the neighborhood average. What does this suggest?
It suggests the property is aligned with the slightly higher valuation standards of the River Park South area compared to the city as a whole. This can indicate a stable investment in a neighborhood that maintains its market position.
5. How can I verify the exact historical sold prices?
Due to industry rules, exact MLS sold records are not displayed. You can request the full transaction history and exact figures via email from the site; they provide this verified data manually without using your contact information for marketing.