Property Overview
22 Leston Place is a well-situated home in Winnipeg's River Park South neighborhood. Built in 1981, this 844 sqft bungalow sits on a 2,922 sqft lot and carries a municipal assessed value of $344,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as a competitively priced entry point into a stable neighborhood. While its living space is notably compact compared to area averages, this translates to lower utility costs and minimal upkeep, offering a practical, low-maintenance lifestyle. The lot size is generous for the street, providing good outdoor space relative to immediate neighbors.
Its assessed value is very close to the street average, suggesting it is priced consistently within its micro-market. A thoughtful perspective is that this home represents a strategic compromise: you acquire a desirable location in River Park South while accepting a smaller footprint, which could be ideal for rightsizing. It would suit first-time buyers seeking affordability in a established area, downsizers looking to reduce space without leaving the community, or investors considering a straightforward rental property with a proven historical value.
Frequently Asked Questions
1. Is the living area too small?
At 844 sqft, the home is significantly smaller than the neighborhood average. It requires efficient use of space and would not suit those needing multiple large rooms. However, its compact size is a key factor in its relative affordability for the area.
2. How does the assessed value relate to the likely selling price?
The assessed value of $344k is for municipal tax purposes and is often a conservative figure. Notably, it is very close to the average for Leston Place itself, but below the broader neighborhood average, indicating it may be valued fairly within its immediate context.
3. What does the year built (1981) indicate?
Being built in 1981 makes this one of the newer homes on its street. This can be an advantage, potentially meaning newer construction standards and materials than older neighboring houses, though a thorough inspection is still essential.
4. How does the lot size compare?
The lot is above average for the street but below average for the wider neighborhood and city. This means you get more private outdoor space than most on Leston Place, but not as much as a typical suburban lot.
5. Where can I find exact past sale prices?
The site provides estimated sold price ranges. To obtain verified, exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.