Property Overview
This home at 2 Thornewood Avenue in Winnipeg's River Park South neighborhood presents a compelling opportunity defined by its generous space and established setting. The data reveals a property with clear strengths in specific areas, making it suited for particular buyers.
Key Characteristics & Appeal
The most standout feature is the land. With an 11,136 sqft lot, it ranks in the top 5% on its own street and top 2% within the broader neighborhood. This exceptional outdoor space is a rare find in a developed area, offering significant potential for gardening, recreation, or future expansion.
The 1,755 sqft living area is also notably above average for the street and city, providing ample interior space. Built in 1981, the home is slightly older than many in River Park South but is typical for its immediate block. Its assessed value of $456k sits above average for both the street and city, reflecting these premium features.
This property would suit buyers prioritizing lot size and interior square footage over a newer build. It’s ideal for someone seeking a established home with room to grow, whether for a family, hobbies, or simply enjoying a larger private yard. The appeal lies in acquiring a property that outperforms most peers on land area—a tangible asset that is increasingly difficult to find.
Frequently Asked Questions
1. How does the home’s age compare to others?
While the 1981 build date is on par with its immediate street, it is older than the average home in the wider River Park South neighborhood, where many homes were built in the 1990s.
2. Is the lot size truly unusual for the area?
Yes. The lot is substantially larger than most, ranking in the elite top 2% for the neighborhood. The average lot in River Park South is roughly half the size of this property.
3. What was the home’s previous sale price?
Public records indicate it sold between $400,000 and $450,000 in September 2021. For verified, exact historical sale figures, a manual lookup can be requested.
4. How does the assessed value relate to market value?
The $456,000 assessment is above the city and street averages. Assessments are used for tax purposes and are one factor in market valuation, but current market conditions ultimately determine sale price.
5. What are the trade-offs for getting such a large lot?
The data suggests the trade-off is often an older home. To secure this lot size in this location, buyers are typically looking at properties from the early 1980s rather than newer constructions.