Property Overview
30 Rillwood Place is a well-situated, 920 sqft bungalow built in 1978 on a 3,735 sqft lot in Winnipeg's River Park South neighborhood. Its assessed value is $318,000.
Key Characteristics, Appeal & Ideal Buyer
This home presents a compelling case for value and practicality. Its primary appeal lies in its strong positioning within its immediate community. On Rillwood Place itself, the home is above average in both living area and lot size compared to its direct neighbors, suggesting it's one of the more substantial properties on the street. This creates a sense of relative value and space.
However, the broader context reveals a more nuanced story. Within the larger River Park South area and city-wide, the home's square footage and lot size are below average. This isn't necessarily a drawback, but rather a clear indicator of its niche: it is a competitively priced, manageable-sized home in a neighborhood where many properties are larger and more expensive. The assessed value is notably below the neighborhood average, which could signal an entry point into the area.
This property would ideally suit first-time homebuyers, downsizers, or pragmatic investors seeking a lower-maintenance footprint without sacrificing location stability. It’s for someone who prioritizes being part of a specific street and community over maximizing square footage, and who sees the value in a home that is proportionally larger than its immediate neighbors, even if it's modest by wider standards.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, a home in this price range sold on Rillwood Place in late 2022. This suggests the current assessed value is in a credible ballpark, but for verified, exact sale prices and history, a manual lookup is required.
2. Is the living space sufficient for a growing family?
At 920 sqft, the living area is efficient. It ranks above average for the street but below the neighborhood average of 1,410 sqft. It may suit a small family or those comfortable with cozy, single-level living, but those needing multiple large bedrooms or extensive common areas might find it limiting.
3. What does the lot size mean for outdoor space?
The 3,735 sqft lot is larger than the street average, offering a decent private yard for its context. However, it is smaller than typical lots in River Park South overall. This translates to less landscaping upkeep than a larger property, but also finite space for expansions like a large deck or addition.
4. The home was built in 1978. What should I consider?
This is the average build year for the street, meaning many homes share a similar age. Prospective buyers should budget for updates common to this era, such as windows, roofing, or mechanical systems, and ensure a thorough inspection is completed.
5. Why is the assessed value so much lower than the neighborhood average?
The neighborhood average includes many larger, newer homes. This property’s below-average size and older build year relative to River Park South as a whole place it in a more affordable tier. This discrepancy is precisely what can make it an attractive entry point into the area.