Property Overview: 27 Strand Circle, River Park South, Winnipeg
This 1,090 sqft bungalow, built in 1979, presents a practical entry point into Winnipeg's established River Park South neighborhood. Its assessed value of $350k sits below the local area average, suggesting a potentially accessible price point. The home's living space is typical for its immediate street but modest compared to newer parts of the neighborhood. The lot size of 3,601 sqft is compact, which translates to less yard maintenance. Key appeal lies in its position as a relatively affordable, low-maintenance property in a mature community with developed amenities. It would suit first-time buyers, downsizers, or investors seeking a straightforward, no-frills home where value is derived more from location and function than from size or modern finishes.
A thoughtful perspective: this home represents the "baseline" of the neighborhood—a chance to get into the area at a lower threshold, with the understanding that any future value growth may be more tied to general market trends and lot value than to the structure itself. It’s a pragmatic choice over an aspirational one.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The assessed value is below the street average ($380k), and the living area is slightly above average for Strand Circle. This could indicate a better value-per-square-foot on the street itself, though the lot is smaller than most neighbors.
2. What does the sold price history from 2017 tell me?
It sold for between $250k-$300k in late 2017. This historical data provides a benchmark for how its value may have appreciated over time, but exact current market value requires a professional assessment.
3. How does the lot size impact this property?
At 3,601 sqft, the lot is smaller than most in River Park South. This means less outdoor maintenance and potentially less privacy, but also limits expansion possibilities like large additions or pools.
4. The home was built in 1979. What should I consider?
Homes of this age are likely to have had several updates over the decades. A thorough inspection is crucial to assess the condition of major systems like roof, windows, plumbing, and electrical, which may be nearing or past their typical lifespan.
5. How can I get the exact past sold prices for this home?
The site notes that due to industry rules, exact MLS sold records are not displayed. You must request the exact figures via email from the provider for a manually verified history.