Property Summary: 24 Rillwillow Place, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1978-built home in River Park South presents a compelling case based on its standout lot size and efficient footprint. Its primary appeal lies in the generous 7,771 sqft land area, which ranks in the top 5% on its own street and top 12% city-wide, offering significant outdoor space rarely found in newer subdivisions. With 1,080 sqft of living area, the home is larger than most on its street but more modest compared to the broader neighborhood average, suggesting a manageable, low-maintenance interior.
The assessed value of $358k is above average for the immediate street but notably below the River Park South neighborhood average, indicating a potentially more accessible entry point into the area. This combination positions the property uniquely: it offers a substantial yard typically desired by families or gardening enthusiasts, coupled with a home that avoids the premium price tag of larger modern floor plans. It would suit first-time buyers seeking space to grow, downsizers who want a manageable home without sacrificing yard size, or value-focused buyers looking for a land-rich property in a well-established community.
A less obvious perspective is its consistency. The home was built in the same year as the street average, suggesting a mature streetscape with settled infrastructure and landscaping. Its city-wide rankings are consistently around average or better, indicating a balanced offering without extreme outliers in size or value, which can appeal to buyers seeking a stable, long-term investment.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,080 sqft, the living area is above the average for Rillwillow Place itself. However, it is below the broader River Park South neighborhood average, meaning the interior is more compact than many surrounding homes, but the property compensates with an exceptionally large lot.
2. Is the assessed value in line with the area?
The $358k assessment is above the average for its immediate street but sits below the neighborhood average of $447.2k. This suggests the property is valued for its land and location within River Park South, while the home itself may be assessed considering its older age and smaller interior size relative to the area.
3. What is the significance of the lot size?
The 7,771 sqft lot is a key feature. It is more than double the average lot size on Rillwillow Place and significantly larger than typical lots in both the neighborhood and city-wide. This allows for ample private outdoor space, potential for additions, gardening, or recreational use.
4. When was it last sold, and for how much?
Public records indicate a sale between October 2017, with a sold price in the range of CA$250,000–$300,000. For fully verified and exact historical sale figures, a manual lookup through the site is required.
5. What are the possible trade-offs with this property?
The main consideration is the balance between interior and exterior space. You are acquiring a lot size that ranks among the elite locally, but the home's living area is more modest and typical of its 1978 build era. Buyers should weigh the value of a large yard against potentially needing to update or renovate the interior to meet modern expectations.