Property Overview: 202 Willowbend Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Willowbend Crescent in River Park South presents a solid, middle-of-the-road opportunity. Built in 1983, its construction date is notably newer than many homes on its own street, offering a relative advantage in terms of likely modernizations and systems. With 1,120 sqft of living space and a lot just under 5,000 sqft, its size is consistently "around average" when compared to the immediate street, the broader neighborhood, and the city.
The appeal lies in its stability and predictability. The assessed value of $398k aligns closely with street and city averages, suggesting a fair market price without premium or discount extremes. It’s a property that doesn’t stand out for sheer size or value, but rather for being a dependable entry into a mature neighborhood. This would suit first-time buyers or downsizers seeking a manageable home without surprises, or an investor looking for a straightforward rental property in a stable area. A thoughtful perspective is that its consistent "average" rankings across most metrics indicate lower volatility, which can be a benefit for those prioritizing long-term, steady equity growth over flashier, higher-risk investments.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last recorded sale on Willowbend Crescent was in February 2022, within the $400k-$450k range. The home’s current assessed value of $398k sits reasonably within that historical context, but for precise, verified sale figures, a manual lookup is required.
2. Is the living space sufficient for a growing family?
At 1,120 sqft, the living area is typical for the area but below the neighborhood average of 1,410 sqft. It would be most comfortable for a small family, couple, or individual. Buyers with plans for significant expansion should consider the lot size (4,896 sqft) to see if an addition is feasible.
3. What does the "Elite" ranking for year built mean?
This indicates the home (built in 1983) is among the newest on its specific street, ranked in the top 4%. This is a relative strength on Willowbend Crescent, though it's around average compared to the wider River Park South neighborhood.
4. Are property taxes likely to be high?
The assessed value is slightly below the street average ($411.1k) and notably below the neighborhood average ($447.2k). This suggests municipal property taxes should be reasonably in line with or slightly below typical rates for River Park South.
5. How does the lot size impact future potential?
The lot is slightly smaller than the street and neighborhood averages. While sufficient for a standard backyard, it may limit the scope for large additions, pools, or extensive landscaping compared to some neighboring properties. Its size is, however, very typical for the city overall.