Property Overview: 2 Rillwood Place, Winnipeg
Section 1: Key Characteristics & Appeal
This 900 sqft bungalow, built in 1978, presents a straightforward and affordable entry point into Winnipeg’s River Park South neighborhood. Its key appeal lies in its relative value and stability. With an assessed value of $310k, it sits comfortably around the average for its own street and the wider city, yet it is notably below the neighborhood average, suggesting a more accessible price point within this area.
The home suits first-time buyers, downsizers, or practical investors seeking a manageable footprint without a premium price. Its lot size (3,350 sqft) is typical for the street but smaller than newer suburban norms, offering lower maintenance. A thoughtful perspective is that this property represents the established character of its immediate block—homes here are of a similar vintage and scale, offering neighborhood consistency rather than standing out. Its last known sale price (2021, between $250k-$300k) indicates a history of being a value-driven option.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 900 sqft, the living area is typical for Rillwood Place but is below the average for both the River Park South neighborhood and the city overall. It’s a compact, efficient layout.
2. Is the assessed value a good indicator of its market price?
The assessed value ($310k) is a municipal benchmark for taxation. It’s around the citywide average but below the River Park South average, which may indicate a value opportunity within the neighborhood, though market conditions ultimately determine sale price.
3. What does the lot size mean for outdoor space?
The 3,350 sqft lot is slightly below the street average. It provides a decent yard for a small garden or patio but is not as expansive as lots in newer subdivisions, aligning with lower upkeep.
4. Can I find out the exact past sale price?
The provided data shows a sale in late 2021 for between $250,000 and $300,000. For fully verified and exact historical figures, you must request a manual lookup from the site via email, as they do not display MLS records.
5. Who might this property not suit?
Buyers seeking a large, modern home with ample square footage or a very large yard may find it limiting. It’s better suited for those prioritizing location within River Park South and a manageable, cost-effective property over sheer size.