Property Overview
This home at 3 Highbury Road in Winnipeg's River Park South neighborhood presents a practical and value-conscious opportunity. Built in 1991, its key appeal lies in its efficient, manageable scale and its position as a relatively modern home within a well-established area.
Key Characteristics & Ideal Buyer
The 1,053 sqft home sits on a 4,256 sqft lot, offering a low-maintenance yard. Its assessed value of $373k is around the city-wide average, but it stands out as being notably below the neighborhood average, suggesting a potentially more accessible entry point into River Park South. The home is newer than most in Winnipeg, yet it’s on a street with even newer builds, placing it in a pocket of mature, settled homes.
Its appeal is grounded in practicality. It suits first-time buyers or downsizers seeking a modern-enough home without the premium of a recent build. It’s for those who prioritize a sound, straightforward property in a convenient suburban location over sheer size, as the living area is compact compared to many area homes. The data suggests a buyer who is value-aware, understands they are purchasing a smaller home for the neighborhood, and appreciates the lower maintenance and utility costs that come with that efficiency.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
The assessed value is below the River Park South average, which could indicate a value opportunity. However, the living area is also below the neighborhood average, so the price reflects the home's more modest size.
2. What does the year built tell us?
Built in 1991, the home is newer than most in Winnipeg, likely meaning fewer major age-related concerns than in older city homes. On its specific street, it's slightly older than average, so neighboring homes may have very recent updates.
3. How does the lot size compare?
The lot is average for the street but below average for the wider neighborhood. This translates to less yard maintenance—a plus for some—but less private outdoor space than many nearby properties.
4. What can the recent sold price history tell me?
The home sold in late 2024. The price range shown suggests it sold near or slightly below its assessed value. For exact sale figures, a manual lookup via the site is required.
5. Who are the likely neighbors?
The immediate neighbors on Highbury Road are homes of very similar vintage and value. Just a few streets away, however, are significantly larger and higher-valued homes, indicating a quiet, mixed-housing area within the broader neighborhood.