Property Overview: 27 Kilburn Place, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1983-built home in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. At 844 square feet, the living space is notably compact, ranking below average for the street, area, and city. This characteristic defines its core appeal: it is a lower-priced option in a market where larger homes are the norm. The assessed value of $331,000 is below the local street and neighborhood averages but aligns closely with the wider Winnipeg average, suggesting a price point that reflects its smaller size rather than its location.
The appeal lies in its efficiency and potential. It suits first-time buyers, downsizers, or investors seeking a manageable property with lower maintenance costs and taxes. The lot size is roughly average for the area, offering standard outdoor space. A thoughtful perspective is that its "below-average" size and value on its own street could represent a relative value opportunity for the right buyer, providing access to the neighborhood without the premium of a larger footprint. It’s a home for those prioritizing financial accessibility and simplicity over space.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 844 sq ft, it is significantly smaller than most homes on its street and in the broader River Park South area, where averages are over 1,300 sq ft. It is a compact, efficiently sized property.
2. How does the assessed value compare?
The $331,000 assessment is below the averages for Kilburn Place and River Park South, but it is very close to the average assessed value for similar homes across the entire City of Winnipeg. This indicates the price is more reflective of the home's size than a discount on its location.
3. What is the recent sales history?
Records show it sold between $300,000 and $350,000 in January 2022. For precise, verified sale figures, a manual lookup through the site's email request service is recommended.
4. What are the nearby homes like?
Immediate neighbors on Kilburn Place and nearby streets generally have larger homes (1,100 - 1,600+ sq ft) with higher assessed values, typically from $387,000 to $464,000. This home is the smallest and lowest-valued on its block.
5. Who would this property suit best?
It is ideally suited for budget-conscious buyers, such as first-time purchasers or empty-nesters looking to downsize, who want to secure a home in River Park South without the cost and upkeep of a larger property. It may also appeal to an investor seeking a rental property in a stable family neighborhood.