Property Overview
This home at 22 Michaud Crescent in Winnipeg's River Park South neighborhood presents a solid, above-average offering in a well-established area. Built in 2008, its key appeal lies in its modern construction relative to many Winnipeg homes, combined with spacious living areas that rank in the top 15% for both the neighborhood and the wider city. The assessed value of $547k reflects its standing as a premium property within its immediate area, yet it remains in line with the street's average. The lot size is typical for the locale, offering standard outdoor space without being oversized.
The property would suit buyers looking for a move-in ready, modern home without venturing into brand-new subdivisions. It's ideal for growing families seeking the community feel of River Park South, with amenities and schools nearby, or for professionals wanting a comfortable, spacious home that holds strong value relative to the broader city market. Its appeal is one of reliable quality and sensible investment rather than flashy luxury.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,866 sqft, the living area is significantly larger than the neighborhood average (1,410 sqft) and the Winnipeg city average. On its own street, it ranks just above the typical home, offering more space than most in the wider area.
2. Is the asking price likely to be close to the assessed value?
The assessed value is $547k, which is very close to the street's average. While sale prices are determined by the market, this suggests the home is valued consistently with its immediate peers and is not an outlier.
3. What does the sale history indicate?
Records show it last sold between $400k-$450k in December 2019. This indicates substantial equity growth over five years, reflecting strong market appreciation for well-maintained homes in this area.
4. Are the homes on this street similar?
Yes. The street is notably uniform, with many homes built around 2008. This creates a cohesive streetscape and suggests predictable maintenance timelines for major components like roofs and windows.
5. How does the lot size affect future potential?
The lot of 5,370 sqft is standard for the area. It provides adequate backyard space for family use but may limit extensive expansions or additions compared to properties on larger, older lots elsewhere in the city.