Property Overview
This home at 22 Corton Place in Winnipeg's River Park South neighborhood presents a balanced offering for a specific buyer. Its appeal lies in its relative value and lot size within a well-established, mature community. Built in 1984, the property sits on a notably larger-than-average lot for its immediate area while carrying an assessed value that is modest for the neighborhood.
Key Characteristics & Ideal Buyer
The 1,040 sqft home is functionally sized, comparing closely to averages on its own street and city-wide, though it is somewhat smaller than the typical home in River Park South. Its standout physical feature is the 6,120 sqft lot, which ranks well above average for both the street and the neighborhood, offering valuable outdoor space and potential.
Financially, the property’s assessed value of $385,000 is positioned below the neighborhood average, suggesting a more accessible entry point into the area. This creates a value proposition: acquiring a larger lot in a desirable neighborhood, albeit in a home that may require updates or expansion to match the size of pricier neighbors.
This property would best suit a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who prioritizes land size and location over move-in-ready perfection or above-average square footage. It’s a home for someone who sees potential in the generous yard and is comfortable with a property that is average in many metrics but offers specific advantages in land and value.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $385,000 is used for municipal tax purposes and serves as a benchmark. Notably, it is below the neighborhood average, which could indicate value. However, market conditions, the home's interior condition, and recent upgrades will ultimately determine the sale price.
2. How does the lot size compare to nearby properties?
The lot is a key advantage. At 6,120 sqft, it is significantly larger than the average lot on Corton Place (4,626 sqft) and in the wider River Park South area (5,447 sqft).
3. The home seems smaller than others in River Park South. Is that a concern?
At 1,040 sqft, the living area is below the neighborhood average. This means the home may feel cozy compared to others nearby, but it also contributes to its relatively lower assessed value, offering a trade-off between space and price.
4. What is the history of sales for this property?
Public data indicates a sale occurred between January and March of 2022, in the CA$250,000–$300,000 range. For fully verified and exact historical sale figures, a manual lookup through the site is required.
5. Are there similar homes available for comparison?
The listing provides examples of nearby properties with similar assessed values or sizes, such as 11 Upton Place (1,120 sqft, $403k) and 3 Pear Tree Bay (1,203 sqft, $402k). These can help gauge how this home is positioned in the local market.