Property Overview: 27 Alburg Drive, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1979, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in value and lot size relative to its price point. While the home's living area and assessed value are below the immediate street and neighborhood averages, it sits close to the city-wide average, suggesting it offers a more affordable entry into a well-established area. The lot size of nearly 5,900 sqft is a standout feature, being above average for the neighborhood, which provides valuable outdoor space or future expansion potential.
The property would suit first-time buyers or downsizers seeking a lower-maintenance, single-level home without leaving a mature community. It’s also a candidate for value-conscious investors or buyers willing to undertake gradual updates. A thoughtful perspective is that this home represents the "floor" of the local market—while it may not have the size or modern finishes of some neighbors, it provides access to the same location and amenities at a lower threshold, with the land itself constituting a significant portion of the asset's value.
Frequently Asked Questions
1. Is this home priced below others on the street?
Yes, based on assessed values, this home ranks in the bottom 15% on its street, indicating it likely has a lower market price point compared to most neighbors.
2. How does the lot size compare?
The lot is a key advantage. At 5,896 sqft, it is larger than the average lot in the River Park South neighborhood.
3. What is the home's sales history?
The property has sold three times in recent years (2016, 2017, 2022). Each sale price fell within the $250k-$450k range, showing a clear appreciation over that period.
4. Is the living space smaller than typical?
At 1,040 sqft, the living area is below the average for both Alburg Drive and the wider River Park South area, but is close to the average for the entire city of Winnipeg.
5. How can I get the exact past sale prices?
The site provides sold price ranges. For verified, exact historical sale figures, you must request them directly via email, as this data is not sourced from the MLS.