Property Overview: 22 Vielliers Place, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,880 sqft home, built in 1988, presents a compelling opportunity defined by its exceptional lot size and strong standing in its market. Its primary appeal lies in the substantial 15,547 sqft land area, which ranks in the top 1% of the River Park South neighborhood and the top 2% city-wide. This offers rare potential for expansion, gardening, or outdoor living within a mature suburban setting. The home itself is consistently above average in size and assessed value ($590k) at every comparison level—street, neighborhood, and city—indicating a well-regarded property in a desirable area.
The home would best suit buyers who prioritize land and space over a brand-new build. It’s ideal for those seeking a established property with room to grow, whether for a future addition, a large private yard, or simply the value of owning one of the largest lots in the area. It also appeals to value-conscious buyers looking for a home with metrics that consistently outperform averages, suggesting a sound investment in a stable community. A less obvious perspective is that its "above average" but not "elite" ranking for living area, paired with an "elite" lot size, hints at untapped potential—the value may lie as much in what could be done with the property as in the existing footprint.
Frequently Asked Questions
1. How does the sold price from 2020 relate to the current assessed value?
The home sold for an estimated $450k-$500k in late 2020. The current assessed value of $590k reflects market changes and municipal assessment since that sale, indicating significant appreciation.
2. Is the lot size unusual for this area?
Yes. The lot is over three times the neighborhood average and is among the very largest in River Park South, offering a level of privacy and space that is now rare for homes of this vintage.
3. What does it mean that the year built is "above average" city-wide?
While the home is from 1988, Winnipeg has many older homes. Being newer than 76% of comparable city properties is a positive, suggesting potentially fewer issues with aging infrastructure than in much of the city's housing stock.
4. Are the sold prices shown here the official MLS records?
No. The sold price data is compiled from public sources, not the MLS. For verified, exact transaction history, you must request a manual lookup from the site via email.
5. The home ranks #1 on its street for value, land, and year built. What does this imply?
This suggests it is likely the premier property on Vielliers Place, often setting the benchmark for the immediate block. It implies a strong street presence and may contribute to holding its value well relative to its direct neighbors.